GoldenTree Asset Management (GoldenTree), the US53bn credit-focused hedge fund firm founded by Steve Tananbaum, has appointed Markus Taubert as a Principal, in the firm's new office in Munich, Germany.

Taubert, who will focus on business development, covering relationships across the DACH region, will report to Kathy Sutherland, Chief Executive Officer and Partner at GoldenTree.

Taubert joins GoldenTree from Muzinich, where he was Head of Germany and Austria, leading relationships with investors across the regions. Taubert was also previously the Head of the Institutional Client Business for Germany and Austria at Blackrock. He received a Master in Business Administration from Universitat Marbug.