UBS Asset Management global fixed income head exits

UBS Global Asset Management has promoted John Dugenske to the position of global head of fixed income to replace exiting manager Rob Gambi.

Previously head of North American fixed income for the group, Dugenske succeeds Gambi, who is leaving the firm after seven years. Dugenske will become a member of the firm's executive committee, reporting to John Fraser, chairman and CEO. He will remain based in Chicago. Prior to joining UBS in 2009, Dugenske was head of European and Middle East fixed income at Lehman Brothers, where he also held global responsibility for the cash management business. Fraser said: "John is a seasoned investor with more than 24 years working in fixed income. During his career, he has had responsibil...