NEW YORK, NY--(Marketwire - November 20, 2008) - For an 11th consecutive year, UBS ranks No. 1 in the Euro 100, "Institutional Investor's" exclusive ranking of the biggest European money managers; the bank had EUR 1.92 trillion ($2.83 trillion) in assets under management at the end of 2007.

Index giant Barclay's Global Investors, takes second place in the ranking, with EUR 1.40 trillion in assets at the end of 2007. AXA is third with EUR 1.281 trillion.

Total assets managed by companies in the Euro 100 fell by 1.74 percent in 2007, to EUR 20.29 trillion. That's the first drop in assets since 2002 and represents a stark reversal of fortune after the recent boom, which saw assets grow by 9.6 percent in 2006 and 21.5 percent in 2005.

With assets and fees falling, many observers expect a shakeout in the industry as banks seek to raise cash by selling asset managers; just last month BNP Paribas bought the asset management unit of Fortis.

Euro 100: The Top 5
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      Rank         Firm                Total Assets (EUR  Billions)
      ----  -------------------------  ----------------------------
       1    UBS                         EUR 1,924
       2    Barclays Global Investors       1,398
       3    AXA                             1,281
       4    Allianz SE                      1,242
       5    Credit Suisse Group               938

Full results, including the list of winners in 5 sectors (Total Assets Under Management, Equities, Fixed Income, Cash & Equivalents and Miscellaneous) and an accompanying article, are available today on www.iimagazine.com

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Contact Information: Contact: Chris Cavanagh 212-224-3369 chriscavanagh@iimagazine.com