Babson Capital Management has hired Wachovia’s former vice president of structured debt finance as a product manager in its global business development group.

Loren Sageser, who acted as the head manager for deal structuring and distribution for Wachovia’s credit opportunity and bank loan funds, will be responsible for investment-grade, high yield and various other debt-related strategies at Babson.

Prior to his time at Wachovia, Sageser was a fixed-income asset manager at Churchill Pacific. He also worked at Horsley Bridge Partners and the Franklin Templeton Group.

A Wachovia spokeswoman delcined to comment.

Babson brought Sageser on board with three other hires — Mark Sullivan, Jeffrey Stammen and Joshua Leventhal.

Sullivan and Stammen join Babson’s sales team within the global business development group, while Leventhal will act as a product manager for the same group.

Sullivan was recently a managing director and team leader for FAF Advisors’ public funds/Taft-Hartley marketing and client service group.

Stammen was a director of alternative investment sales at Wachovia. And Leventha was a executive director in JPMorgan’s capital introductions group.



Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.