UBS appointed Jeffrey Mayer as joint global head of the fixed income, currencies and commodities (FICC) business within its investment bank.

Along with the recently announced joint global head of FICC Carsten Kengeter, Mayer will be responsible for all fixed income products including credit fixed income, rates, structured products, emerging markets, foreign exchange, commodities, securitized products, client coverage and research.

Mayer, who will be based in New York and Stamford, will report to Jerker Johansson, chairman and CEO of UBS Investment Bank. Mayer will also join the investment bank executive committee and the UBS group managing board.

"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," Johansson said. "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."

Formerly from Bear Stearns, where he had 19-year stint, Mayer was most recently global co-head of fixed income and a member of Bear Stearns management committee.

Mayer was also a member of the board of directors of Bear Stearns. Before he became co-head of fixed income in 2002, he headed Bear Stearns' MBS and ABS department. He began his career at Bear Stearns as a senior mortgage trader.

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