Mass.-based Babson Capital Management announced today that Jeffrey Prince has joined the firm's structured credit team as a managing director. Prince will be responsible for CDO security analysis and selection and CDO portfolio strategy/management. The new hire will report to Matthew Natcharian, managing director and head of Babson Capital's structured credit team.

"We are excited to add Jeffrey Prince to our staff," Natcharian said in a release. "He brings a wealth of experience in the CDO market, including stints as a CDO strategist and analyst at Citigroup and Wachovia Securities. He is an excellent addition to the team."

Prince comes to Babson Capital from Citigroup where he served as a CDO strategist. Before that stint, he worked for four years at Wachovia Securities, first as an associate in CDO banking and structuring and then as a vice president, CDO research analyst.

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