MassMutual subsidiary Babson Capital Management, an investment management firm based in Springfield and Boston, Massachusetts and Charlotte, North Carolina, has added four team members to its global business development group.
Mark Sullivan and Jeffrey Stammen join the group's sales team and will be based in Los Angeles and New York respectively, while Joshua Leventhal and Loren Sageser join as product managers based in New York and Charlotte.
Leventhal will be responsible for alternative strategies while Sageser will be responsible for investment grade, high yield and various other debt-related separate strategies.
'We are excited to announce the addition of these talented and dedicated sales and product management professionals to the Babson Capital team,' says Anthony Sciacca, managing director and head of the global business development group for Babson Capital Management. 'The expansion of our team is part of a broader effort to better serve institutional investors around the world who are interested in Babson Capital's deep expertise across the credit spectrum, our focus on long-term relationships, and our track record of successfully helping clients through many market cycles.'
This is the second round of appointments to the global business development group since its creation in December 2008. Babson Capital in January announced the hiring of Paul Gehrig as product manager and David Acampora to develop and manage relationships with investment consultants.
Sullivan was recently managing director and public funds/Taft-Hartley marketing and client service team leader for FAF Advisors. He has more than 15 years of experience in public funds and Taft-Hartley marketing and previously worked for Paulson, Banc One Investment Advisors and A.G. Bissett.
Stammen joins Babson Capital from Wachovia Capital Markets, where he worked most recently as director of alternative investment sales. He has 13 years of experience working in the area of structured-credit products, fixed-income derivatives and mortgage-backed securities and previously worked with Citigroup Private Bank, UBS Investment Bank, CIBC World Markets and Citigroup/Salomon Smith Barney.
Leventhal comes to Babson Capital from JP Morgan, where he served as executive director in the Capital Introductions Group dealing with hedge funds. He has 12 years' experience in the financial markets working with credit, structured credit and alternative investments. He previously worked in structured credit products at Bear Stearns and with Foothill Capital.
Sageser comes to Babson Capital from Wachovia Capital Markets, where he was vice president of structured debt finance, serving as lead deal structurer and distribution manager for Wachovia's credit opportunity and bank-loan fund platform. He previously worked with fixed-income asset manager Churchill Pacific, private equity fund of funds Horsley Bridge Partners, and the Franklin Templeton Group.