Babson Capital Expands Global Business Development Group
Springfield -- 01/27/2009 --
Babson Capital Management LLC (“Babson Capital”), an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C., today announced it has added two professionals to its recently created Global Business Development Group.
Paul Gehrig has been hired as a product manager, responsible for the development and distribution support of corporate-bond-backed funds and separate accounts. David Acampora has joined Babson Capital to develop and manage relationships with investment consultants. Mr. Gehrig will be based in Charlotte, while Mr. Acampora will work out of Babson Capital’s Springfield office.
“Babson Capital continues to receive inquiries from existing and new investors in the U.S. and abroad who are seeking to broaden or establish relationships with experienced asset managers,” said Anthony Sciacca, Managing Director and head of the Global Business Development Group. “With the additional expertise of Paul and David, Babson Capital is even better positioned to help institutional investors navigate challenging markets.”
Mr. Gehrig has more than 13 years of investment industry experience. Prior to joining Babson Capital, he was a Managing Director in structured credit products origination and execution at Wachovia Corp. He earned a bachelor’s degree in accounting at Clemson University, an MBA at the University of Texas at Austin and is a former Certified Public Accountant.
Mr. Acampora has more than 11 years of experience working with institutional investors. Prior to joining Babson Capital, he was a Managing Director at Commonfund, working with nonprofit groups in a business development and relationship capacity. Previously, he was product specialist and vice president of business development at Shenkman Capital Management as well as vice president and institutional investment consultant at Colonial Consulting. He received a bachelor’s degree in finance at the University of Connecticut and has earned the designations of Chartered Financial Analyst and Chartered Alternative Investment Analyst.
In December 2008, Mr. Sciacca was named to head Babson Capital’s Global Business Development Group, responsible for sales, client management, marketing and product development. As previously announced, the group also includes Jean Fleischhacker, who leads Sales and Product Management; Paula Ryan, who heads Marketing and Consultant Relations; and Linda Carstens, who leads Strategic Product Development. In addition, Duncan Robertson recently joined the Global Business Development Group to lead sales for Babson Capital’s new branch office in Sydney, Australia.
Mr. Gehrig will report to Ms. Fleischhacker, while Mr. Acampora will report to Ms. Ryan.
About Babson Capital Management LLC
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have $128.9 billion in assets under management as of June 30, 2010. Through proprietary research and analysis and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in fixed income, equities, alternative, structured products, debt financing for corporations and debt and equity financing for commercial real estate. Based in Boston and Springfield, Mass., and Charlotte, N.C., with offices in New York City and Los Angeles, the firm’s subsidiaries include Babson Capital Europe Limited in London, Babson Capital Australia Pty Ltd in Sydney, and Cornerstone Real Estate Advisers LLC in Hartford, Conn. Babson Capital is a member of the MassMutual Financial Group.