UBS appoints FICC chief

by Richard Kilner

Story link: UBS appoints FICC chief

Carsten Kengeter has been appointed by UBS to serve as the worldwide head of the Fixed Income, Currencies and Commodities (FICC) business of the Investment Bank.

Kengeter leaves behind his Hong Kong based role with Goldman Sachs to take on his new position, which is located in London.

He will be directly responsible to UBS Investment Bank’s chairman CEO, Jerker Johansson.

In addition to taking on the leadership of the Fixed Income, Currencies and Commodities (FICC) business, Kengeter will join the Investment Bank Executive Committee and the UBS Group Managing Board.

Kengeter will have responsibility for the foreign exchange business and the global commodities group, as well as all fixed income products, client coverage and research.

Until he joins the firm in early 2009, Johansson will lead the FICC business on a temporary basis.

Johansson has welcomed the appointment, and paid tribute to Kengeter’s wide range of experience.