UBS Publishes Agenda For AGM; Richardson Nominated For Election To Board

(RTTNews) - UBS Group AG (UBS) said that its board has proposed Julie Richardson for election as a new member of the Board of Directors for a one-year term. Joseph Yam has decided to step down from the Board of Directors at this year's Annual General Meeting for personal reasons. The Chairman Axel Weber and the other members of the Board of Directors will stand for re-election for a further one-year term. The AGM will take place at the Messe Basel on 4 May 2017.

Joseph Yam has been a member of the Board since 2011 and was a member of the Corporate Culture and Responsibility Committee and the Risk Committee.

Julie Richardson was a Partner and Head of the New York Office of Providence Equity Partners from 2003 to 2012, a global private equity firm specializing in equity investments in media, communications, education and information companies. She acted as a senior advisor to the partnership until 2014. From 1998 to 2003, Julie Richardson served as Vice Chairman of JPMorgan Chase & Co.'s Investment Banking division and Head of its Global Telecommunications, Media and Technology group.

The UBS Group AG Board of Directors intends to propose to shareholders an ordinary dividend of CHF 0.60 per share for the financial year 2016, unchanged compared with the previous year.

At the AGM 2017, shareholders will be asked to vote on the variable compensation for the Group Executive Board for 2016, the fixed compensation for the Group Executive Board for 2018 and the compensation for the Board of Directors for the period from the AGM 2017 to the AGM 2018.