NEW YORK, NY.- UBS has decided to close The UBS Art Gallery located at 1285 Avenue of the Americas in New York. The Gallery will close after the current exhibition, Jack Tworkov: Against Extremes – Five Decades of Painting, finishes its run on October 27, 2009.

This decision follows recently announced cost-cutting measures, including headcount reductions, organizational realignments, savings initiatives and change programs. The UBS Art Collection remains unaffected by the decision to close the Gallery.

The UBS Art Gallery was started as a resource for regional non-profit institutions, providing them with a midtown Manhattan exhibition space. The Gallery has collaborated with museums throughout the Northeast on a wide variety of exhibitions, from painting, sculpture and photography to quilts, ceramics and furniture.

“A large part of The UBS Art Gallery’s success is due to its director, Colin Thomson, who I’d like to thank for his curatorial expertise, dedication, and initiative,” said Mark Arena, Managing Director and Head of Corporate Communications, Americas. “Our hope is that as the markets recover and if circumstances change, we would like to reconsider the viability of The UBS Art Gallery.”