Investor releases

UBS names Jeffrey Mayer Joint Global Head of Fixed Income, Currencies and Commodities

Zurich Investor Releases

UBS today announced the appointment of Jeffrey Mayer as Joint Global Head of the Fixed Income, Currencies and Commodities (FICC) business within its Investment Bank. With the recently announced Joint Global Head of FICC 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.

Mayer, 49, will be based in New York and Stamford and report to Jerker Johansson, Chairman and Chief Executive Officer 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," said 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."

A 19-year veteran of Bear Stearns, Mayer was most recently Global Co-Head of Fixed Income and a member of Bear Stearns Management Committee. Mayer was additionally a member of the Board of Directors of Bear Stearns and Co., Inc. Prior to becoming Co-Head of Fixed Income in 2002, he headed Bear Stearns' mortgage and asset-backed securities department. He began his career at Bear Stearns as a senior mortgage trader.

Media Contacts:

Rohini Pragasam, New York, 1-212-882-5690
Dominik Von Arx, London, 44-207-568-2439
Rowan Staines, London, 44-207-568-2910