Babson builds out business unit

Massachusetts-based Babson Capital Management has expanded its global business development arm, with the additions of Paul Gehrig and David Acampora.

Gehrig, who will be based in the asset management firm's Charlotte office, will take on the role of product manager, responsible for the development and distribution support of corporate bond backed funds and separate accounts. Prior to his appointment at Babson Capital, Gehrig worked at Wachovia in the structured credit products origination and