UBS installs joint heads of fixed income

UBS has appointed Jeffrey Mayer and Carsten Kengeter as joint global heads of the fixed income, currencies and commodities (FICC) business.

The pair will have responsibility for all fixed-income products including credit, rates, foreign exchange, structured products, emerging markets, commodities, securitised products, client coverage and research.

Mayer was most recently global co-head of fixed income at Bear Stearns and a member of the board of directors. Prior to this, he headed Bear Stearns'

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