Fitch Ratings has reorganized its Milan-based structured finance team. Alessandro Settepani had been appointed head of the rating agency's Southern European covered bond team.

Michele Cuneo has replaced him as head of Italian structured finance.

Settepani has been with Fitch for six years while Cueno has covered Italian structured finance for five years at Fitch.

Steppani will report to Helene Heberlein, managing director and head of covered bonds at Fitch. Meanwhile, Cueno will report to Emmanuelle Nasse-Bridier, a managing director and head of continental European structured finance at the rating agency.

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