UMB Asset Management Expands their International Management Team

February 09, 2006

Kansas City, Mo. ? UMB Asset Management announced today that Michael Stack, CFA, has joined the international management team as an assistant portfolio manager. Stack will be joining the team led by James Moffett, CFA, and will have portfolio management responsibilities for both international separate accounts and, through Scout Investment Advisors, Inc., the UMB Scout WorldWide Fund. Stack most recently managed a European Equities fund at Overseas Asset Management (OAM), an off-shore investment firm based in Grand Cayman. Stack?s experience also includes assisting in the management of portfolios of European stocks for U.S. Trust Company of New York in New York City and London. Previous to that, he worked in Slovakia where he was an analyst of Eastern European companies for a local brokerage house. He earned a Bachelor of Commerce from University College Dublin in 1991 and graduated with an MBA in Finance and International Business from Columbia Business School in New York in 1996.

Also joining the international management team is Shelly YunFang Ma, CFA. Ma will serve as an International Equity analyst. She will provide fundamental security analysis in the Consumer Staples and Consumer Discretionary sectors. In addition, Ma will provide additional insights into the growing Asian economies, specifically China. Ma joined UMB in 2002 as a Domestic Equity Analyst. She earned her undergraduate degree from Shanghai University in 1995 before graduating with an MBA from the University of Missouri-Kansas City in 1999.

?We are very pleased to add both Michael and Shelly to our international team,? said Bill Greiner, Chief Investment Officer. ?Both individuals are highly qualified and bring extensive international investing experience to an already exceptionally talented group of individuals.?

UMB Financial Corporation is a multi-bank holding company headquartered in Kansas City, Mo., offering complete banking, investment and related financial services to both individual and business customers. Its banking subsidiaries own and operate 140 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wisconsin, a trust management company in South Dakota, and single-purpose companies that deal with brokerage services, and insurance. UMB was named one of Business Week's "Web Smart 50" companies in 2005. The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a.