Promotions show debt is king on Wall Street

10/5/2010 | Bloomberg

UBS recently promoted Carsten Kengeter, formerly head of fixed-income trading, as head of investment banking at the Swiss banking giant. Kengeter's appointment, along with several other high profile promotions, show that debt continues to rule on Wall Street. Anshu Jain of Deutsche Bank, Stuart Gulliver at HSBC Holdings and Robert Diamond at Barclays are all recently promoted executives with backgrounds in debt trading.

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