Deutsche Bank is relocating Scott Gewirtz to Frankfurt to be head of fixed income in Europe with overall responsibility for the bank's combined government bond and liquid credit trading business in the European timezone.

Gewirtz, who was formerly head of US government bond trading, will be tasked with recreating the bank's North American cross rates platform in Europe. Deutsche introduced cross-product interest rate trading in the US last year and Gewirtz aims to bring the over-the-counter derivatives business together with cash to create a European cross rates unit.