UBS Global Asset Management and ACS Form Strategic Alliance to Offer End-to-End Retirement Solution for DC and DB Plans


DALLAS and CHICAGO, Oct. 15 -- Affiliated Computer Services, Inc. (NYSE:ACS) and UBS (NYSE:UBS) Global Asset Management today announced the formation of a new strategic alliance that will offer FORTUNE 500(TM) plan sponsors an end-to-end retirement solution for Defined Contribution (DC) and Defined Benefit (DB) plans.

"Through our alliance, we are committed to providing plan sponsors a 'next generation' platform solution," said Kai Sotorp, Head of Americas, UBS Global Asset Management. "This will leverage ACS' industry-leading plan administration capabilities and the complete range of UBS Global Asset Management's DC and DB retirement offerings, including our Asset Liability Investment Solutions."

"Plan sponsors are recognizing that the old way of managing 401(k) plans, where they were seen as a supplemental source of retirement income, is no longer appropriate," added Drew Carrington, Head of the DC & Retirement Solutions Group, UBS Global Asset Management.

With participants now bearing more of the responsibility for their own retirement, plans are focusing on providing employees with the means to save more, earn more, and manage the right risks to help them maintain their lifestyle through retirement. That requires bringing the best institutional thinking to all retirement participants.

Among the DC & Retirement Solutions Group's offerings are the recently announced "next generation" target date funds that seek to offer participants a smoother ride up to and through retirement. The funds are designed to achieve more consistent returns by managing four major retirement risks -- market, shortfall, inflation, and longevity risk -- based on a 25-year active global asset allocation process. As part of this offering, UBS Global Asset Management and ACS will make recommendations, based on plan data analysis, on how sponsors can customize their plans to achieve better outcomes for employees.

"Working closely with UBS Global Asset Management, we have put together what we believe to be the industry's optimal solution, offering the institutional quality and many of the same benefits of a DB plan in a DC package," said Michael Sigmund, Senior Vice President at ACS Human Capital Management Solutions.

David Bywater, Senior Managing Director, ACS Human Capital Management Solutions, added, "This offering will allow plan sponsors to concentrate on their core competencies and strategic business objectives. As the concept of retirement continues to be redefined, our new offerings will change the traditional approach to retirement planning and enable a new era of smart 401(k)s."

About ACS

ACS, a global FORTUNE 500 company with 60,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/.

About UBS Global Asset Management

UBS Global Asset Management is one of the world's leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. Invested assets totaled USD 753 billion worldwide(1) as of March 31, 2007, making the firm one of the largest global institutional asset managers, a leading fund house in Europe and the largest mutual fund manager in Switzerland.

With around 3,500 employees, located in 23 countries, UBS Global Asset Management is a truly global firm. The main offices are in Basel, Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

(1) Assets under management are representative of UBS Global Asset
Management business group worldwide. Assets under management for UBS
Global Asset Management (Americas) Inc. total $159 billion as of June
30, 2007.

(2) Source: Lipper FundFlows Insight Report (as of June 30, 2007)

Source: ACS, Inc.

CONTACT:

media
Tom Clary
Director of Corporate Communications
+1-214-841-8110
tom.clary@acs-inc.com

media
Kristopher Kagel
Director, Media Relations
+1-212-882-5691
kris.kagel@ubs.com

Web site: http://www.acs-inc.com/

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