UBS Global Asset Management announced the appointment of John Dugenske as Global Head of Fixed Income with immediate effect.
John was most recently Head of North American Fixed Income for UBS Global Asset Management. He succeeds Rob Gambi who is leaving the firm after seven years.
John will become a member of the UBS Global Asset Management Executive Committee, reporting to John Fraser, Chairman and CEO of UBS Global Asset Management. He will remain based in Chicago.
During his career, John has held senior roles in New York, Chicago and London. Prior to joining UBS Global Asset Management in 2009, he was Head of European and Middle East Fixed Income at the former asset management business of Lehman Brothers, where he also held global responsibility for the Cash Management business.
John Fraser, Chairman and CEO of UBS Global Asset Management, said: "John is a seasoned investor with more than 24 years working in fixed income. During his career, he has had responsibility for a wide range of investment portfolios across the fixed income spectrum as well as extensive experience working with a broad array of clients".
He added, "I am confident that John is well positioned to build on our strong global platform and breadth of capabilities to lead our Fixed Income business forward".