DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-81,323

UBS FINANCIAL SERVICES, INC.
ALSO KNOWN AS UBSFS
WEALTH MANAGEMENT AMERICAS OPERATIONS DIVISION
ALSO KNOWN AS WMA OPERATIONS DIVISION
A SUBSIDIARY OF UBS AMERICAS, INC.
A SUBSIDIARY OF UBS AG
NASHVILLE, TENNESSEE

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on February 13, 2012 by three workers on behalf of
workers of UBS Financial Services, Inc., also known as UBSFS,
Wealth Management Americas Operations Division, also known as
WMA Operations Division, a subsidiary of UBS Americas, Inc., a
subsidiary of UBS AG, Nashville, Tennessee (UBS Financial
Services). The workers' firm is engaged in activities related
to the supply of financial investment services.
During the course of the investigation, information was
collected from the workers' firm.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in such workers' firm have
become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has shifted to a foreign country the supply of financial
investment services like or directly competitive with the
services supplied by the subject workers which contributed
importantly to worker group separations at UBS Financial
Services.


Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of UBS Financial
Services, Nashville, Tennessee, who are engaged in activities
related to the supply of financial investment services, meet
the worker group certification criteria under Section 222(a) of
the Act, 19 U.S.C. § 2272(a). In accordance with Section 223 of
the Act, 19 U.S.C. § 2273, I make the following certification:
"All workers of UBS Financial Services, Inc., also known as
UBSFS, Wealth Management Americas Operations Division, also
known as WMA Operations Division, a subsidiary of UBS
Americas, Inc., a subsidiary of UBS AG, Nashville,
Tennessee, who became totally or partially separated from
employment on or after February 10, 2011 through two years
from the date of certification, and all workers in the
group threatened with total or partial separation from
employment on the date of certification through two years
from the date of certification, are eligible to apply for
adjustment assistance under Chapter 2 of Title II of the
Trade Act of 1974, as amended."
Signed in Washington, D.C., this 27th day of March, 2012

/s/Del Min Amy Chen
______________________________
DEL MIN AMY CHEN
Certifying Officer, Office of
Trade Adjustment Assistance