Unionbancal Corp : Bradley Shairson Joins Union Bank of California as New Head of Global FX and Derivatives

Bradley Shairson, a 13-year veteran of the banking industry, has joined Union Bank of California, N.A., as a senior vice president and head of the bank's global foreign exchange and derivatives departments. In his new position, Shairson will oversee the two departments' 30 traders and advisors, monitor trading and sales activity, and set the strategic direction of the businesses. He will report to Johannes (Johs) Worsoe, executive vice president and head of global markets.

Shairson joins Union Bank from SunTrust Banks, Inc., where he served as the managing director and senior risk officer for derivatives and foreign exchange since 1997. Shairson received a bachelor's degree in business administration with an emphasis in finance from the University of Florida. He is a resident of Hermosa Beach.

?Union Bank is making a strategic move to aggressively grow its fee income businesses in coming years. Expanding our risk management and investment product offering in the FX and derivatives area will be key to deepening client relationships. Brad has the background, talent, and leadership skills to build out these businesses in the years ahead,? said Worsoe.

Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with assets of $54.6 billion at March 31, 2007. Its primary subsidiary, Union Bank of California, N.A., had 321 banking offices in California, Oregon and Washington, and 2 international offices at March 31, 2007. The company's Web site is located at www.unionbank.com.

Union Bank of California
Sharon Woodson-Bryant, [phone]
[e-mail]
or
Orith Farago, [phone]
[e-mail]