UBS wins high profile roles for Lloyds and RBS

* UBS, Merrill-led group share $309 mln Lloyds rights fees

* UK gets back 144 mln stg from overall 500 mln fee pot

* RBS role may yield future rights-issue fees

By Victoria Howley and Daisy Ku

LONDON, Nov 3 (Reuters) - UBS AG (UBSN.VX: Quote, Profile, Research) has taken key roles on two landmark deals to shore up British banks -- landing the Swiss bank a welcome boost in fees and prestige on the same day it shocked the market with worse-than-expected results.

UBS is working alongside Bank of America Merrill Lynch (BAC.N: Quote, Profile, Research) to raise 13.5 billion pounds ($22 billion) for Lloyds Banking Group Plc (LLOY.L: Quote, Profile, Research) in the world's largest rights issue.

It is also working with Morgan Stanley (MS.N: Quote, Profile, Research) to advise Royal Bank of Scotland Plc (RBS.L: Quote, Profile, Research) on its participation in the UK government's Asset Protection Scheme (APS). [ID:nL3540088]

UBS's advisory team is led by Alex Wilmot-Sitwell, co-chief executive of the investment bank, and Chris Fox, a managing director in the bank's London financial institutions group.