Chairman, Head of Alternative Investment Management. Dr. Niederer is the elected Executive Chairman of Att AG, Switzerland and will take office effectively on May 1, 2009. Following his thesis in theoretical Physics at Basel University and some years of research, Dr. Niederer did get involved in the quantitative investment research for former Swiss Bank Corporation. In 1990 he was appointed Co-head of Institutional Asset Management, and later Chief Investment Officer Switzerland and Global Head of Structured Investments. In 2001 Dr. Niederer was appointed Chairman of UBS Global Asset Management Switzerland. Due to his experience and knowledge in the Banking sector reaching from international asset allocation to alternative ecological investment products involving private equity and UBS Alternative and Quantitative Investments, Dr. Niederer will also head Att Financials & Investment Division. The Chairman of the UBS AG Pension Funds Investment Committee, Dr. Niederer is also a member of the Swiss Stock Exchanges Index Commission.