(Bloomberg)--GoldenTree Asset Management LP, the $18 billion corporate and structured credit hedge fund, hired Filippo Sampietro for its European asset-backed products business, according to two people familiar with the matter.

Sampietro is joining from Mediobanca SpA and will report to Cee Sarabi, who moved to London from New York in September to become GoldenTree’s first money manager for structured products in the region, said the people, who asked not to be identified because the information is private.

GoldenTree is among U.S hedge funds including Ellington Management Group LLC and MKP Capital Management LLC adding staff in London and relocating executives for asset-backed securities roles. The New York-based firm transferred Sarabi to the U.K. to get better access to “attractive opportunities” in Europe’s structured finance market and is committed to expanding its European activities, the firm said at the time.

Sampietro joined Mediobanca from Alcentra Ltd. and has also held roles at Morgan Stanley and Royal Bank of Scotland Group Plc, according to his registration with the U.K.’s Financial Conduct Authority.

Scott Sunshine, a spokesman for GoldenTree employed by Water & Wall Group, declined to comment on the hire. Lorenza Pigozzi, a spokeswoman for Mediobanca, wouldn’t comment on his departure.

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