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Johansson departs UBS after 12 months

Jerker Johansson, the chief executive officer of UBS Investment Bank, has resigned from the bank with immediate effect, after just over one year spent with the institution. Johansson will be replaced by two new co-heads from within UBS: Carsten Kengeter and Alex Wilmot-Sitwell.

    • Sophia Morrell
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Johannson originally joined UBS as CEO in February 2008 from Morgan Stanley. He temporarily assumed responsibility for the Fixed Income, Currencies and Commodities Group (FICC) in May 2008 after André Estevez stepped down from the role.

Kengeter was subsequently appointed joint global head of FICC in September 2008 after joining from Goldman Sachs, overseeing all fixed income products including credit, fixed income, rates, structured products, emerging markets and securitised products as well as

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