Read time: 1 min

UBS Hires Mayer As Co-Head of FICC

UBS has hired Jeffrey Mayer as joint global head of its fixed income, currencies and commodities (FICC) business to work alongside Carsten Kengeter, who himself was appointed a few weeks ago (see Squawkbox, 8 September).

Kengeter and Mayer will share responsibility for all fixed income products including credit fixed income, rates, structured products, emerging markets, foreign exchange, commodities, securitized products, client coverage and research.

Mayer starts on 1 October and will be based in New York and Stamford. He reports to Jerker Johansson, chairman and chief executive of UBS. He will also join the Investment Bank executive committee and the UBS Group managing board.

Mayer was previously at Bear Stearns for 19 years, most recently as global co-head of fixed income from 2002 until the bank’s demise earlier this year. He was also a member of the bank’s management committee. He has a background as a mortgage trader and before becoming global co-head of fixed income headed the bank’s mortgage and asset-backed securities department.

When JP Morgan made a bid for Bear Stearns, the bank placed Mayer in one of the most senior roles offered to Bear Stearns employees, as vice chairman focusing on global markets reporting to the investment bank’s co-chief executives Steve Black and Bill Winters (see Squawkbox, 14 April).

“Jeff’s experience leading a global fixed income operation, deep product knowledge and proven ability to manage risk will be a great asset to the business,” says Johansson. “Given UBS’s wide geographic footprint and the range of products within FICC, we are pleased to have both Jeff and Carsten on board leading the business.”

Kengeter will be based in London and starts at an unspecified date in early 2009, also reporting to Johansson. He joins from Goldman Sachs where he was a partner and co-head of Goldman Sachs’ securities division — including all FICC products — for Asia excluding Japan.

Johansson has headed FICC since May when former global head of FICC Andre Esteves stepped down from the role, less than a year into the job (see Squawkbox, 19 May).

Profit & Loss

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in