UBS India today said it has appointed Nitin Jain as the head of its fixed income, currencies and commodities business.
He will report to Thomas Siegmund, head of the bank's fixed income, currencies and commodities business in Asia excluding Japan and Aashish Kamat, chief executive of UBS in India.
"The appointment underlines the continuing importance of India as key fixed income, currencies and commodities market for UBS in the region," the Swiss bank said in a statement.
Prior to this appointment Jain was the co-head for Nomura's fixed income business in India. He started his career with ICICI Securities in 1994 in the fixed income sales and trading and spent the next 14 years at the firm.
Jain became the group head for ICICI Securities' fixed income business in 1999 and was named as managing director and chief executive of ICICI Securities Primary Dealership, a group company of ICICI Bank licensed to trade Indian government securities, in 2007.
He quit the company in June, 2008 to set up his own business, Decuple Fin Sec, to offer diverse portfolio management services to high net worth individuals.
