Deutsche Bank has restructured institutional sales and financial institutions coverage in its European debt capital markets division in a bid to unify asset and liability management for financial institutions in Europe.

Rod Prat, who joined the German bank last March from Goldman Sachs as head of European corporate and sovereign structuring, will be responsible for sales of all fixed-income assets to institutional investors as well as capital raising and liability risk management for financial institutions in the UK, Benelux and Scandinavia.