Deutsche Bank has hired Jeffrey Mayer as head of global markets for North America, managing the bank’s sales and trading business in the region, the bank said Tuesday.

He will report to Anshu Jain, head of the corporate and investment bank and member of the management board and group executive committee. Mayer will be based in New York.

“I am pleased that Jeff has decided to lead our sales and trading business in North America, a franchise that is vital to our global strategy and one where we have gained significant market share in recent years,” Jain said in a press release. “Jeff’s record of leadership across multiple asset classes will serve our clients well as we build further on these gains.”

Mayer will join with more than 20 years of cross-asset class sales, trading and management experience. Most recently, Mayer was the executive chairman of fixed income, currencies and commodities and head of complex structured products at UBS. Prior to UBS, Mayer spent 19 years at Bear Stearns, most recently as global co-head of fixed income.