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EXHIBIT 24.1
Power of Attorney
Each of the undersigned hereby constitutes and appoints Luqman Arnold and Robert
Mills, and each of them, with full power to act without the other, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities, to sign the registration statement on Form F-1 relating to the
registration of Noncumulative Trust Preferred Securities issued by UBS Group
Capital Trust I, Noncumulative Company Preferred Securities issued by UBS Group
Capital Company L.L.C. I and Subordinated Guarantee of UBS AG with respect to
Noncumulative Company Preferred Securities, to sign any and all amendments to
such registration statement, to sign any abbreviated registration statement
filed pursuant to Rule 462(b) of the Securities Act of 1933 and to file the
same, with all exhibits thereto and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as fully for all intents and purposes as he might or could do in
person hereby ratifying and confirming all that said attorneys-in-fact and
agents, or their substitutes, may lawfully do or cause to be done by virtue
hereof.
<TABLE>
<CAPTION>
NAME TITLE DATE
--------------------------------------------------- ------------------------------ -----------------
<C> <S> <C>
/s/ MARCEL OSPEL President and Group Chief August 16, 2000
--------------------------------------------------- Executive Officer
Marcel Ospel
/s/ LUQMAN ARNOLD Chief Financial Officer August 18, 2000
---------------------------------------------------
Luqman Arnold
/s/ HUGO SCHAUB Group Controller and Member of September 5, 2000
--------------------------------------------------- Group Managing Board
Hugo Schaub
/s/ ALEX KRAUER Chairman and Member of Board August 16, 2000
--------------------------------------------------- of Directors
Alex Krauer
/s/ ALBERTO TOGNI Vice-Chairman of Board of August 16, 2000
--------------------------------------------------- Directors
Alberto Togni
/s/ MARKUS KUNDIG Vice-Chairman of Board of August 16, 2000
--------------------------------------------------- Directors
Markus Kundig
/s/ PETER BOCKLI Member of Board of Directors August 16, 2000
---------------------------------------------------
Peter Bockli
/s/ ROLF A. MEYER Member of Board of Directors August 16, 2000
---------------------------------------------------
Rolf A. Meyer
/s/ HANS PETER MING Member of Board of Directors August 16, 2000
---------------------------------------------------
Hans Peter Ming
/s/ ANDREAS REINHART Member of Board of Directors August 16, 2000
---------------------------------------------------
Andreas Reinhart
/s/ ERIC HONEGGER Member of Board of Directors August 16, 2000
---------------------------------------------------
Eric Honegger
</TABLE>