Babson Capital hires Adrogue, Posch to its emerging market debt team

By Tali David

Minneapolis, Oct. 11 - Babson Capital Management announced the hiring of Ricardo Adrogue and Brigitte Posch to lead the firm's new emerging market debt investment team, according to a press release.

Adrogue joins Babson from Cabezon Investment Group, where he was a member and emerging market fixed-income portfolio manager. Prior to Cabezon, he was lead portfolio manager for several emerging market debt strategies at Wellington Asset Management. He will be based in Boston and will head the team and oversee portfolio management activities for sovereign and local currency strategies.

Posch joins from Pimco, where she was executive vice president and head of emerging market corporates. Based in London, she will lead and head portfolio management activities for all emerging market corporate debt strategies.

"Expanding our already robust global fixed income platform to include an emerging market debt capability builds on our firm's core strengths, and supports our strategy of providing customized investment solutions for our clients," chairman and chief executive officer Tom Finke said in the release.

The firm said it plans additional hires in the coming months as it builds out its new emerging market debt investment team.

Babson Capital is an investment management firm based in Boston and Springfield, Mass. and Charlotte, N.C.

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