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

Together with Carsten Kengeter he will have responsibility for all fixed income products including credit fixed income, rates, structured products, emerging markets, foreign exchange, commodities, securitized products, client coverage and research.

Mr Mayer, formerly with Bear Stearns, will be based in

New York and

Stamford and report to Jerker Johansson, chairman and chief executive officer of
UBS Investment Bank. Mr Mayer will also join the investment bank executive committee and the
UBS group managing board.