CHARLOTTE, N.C.--(BUSINESS WIRE)--Babson Capital Management, a leading global asset management firm with over $198 billion in assets under management, today announced that Russ Morrison has been promoted to Vice Chairman. Mr. Morrison will continue to serve as Managing Director and Head of Global Fixed Income, reporting to Tom Finke, Babson Capital’s Chairman and Chief Executive Officer.
Mr. Morrison joined Babson Capital in 2002. A member of the firm’s senior management team, he was named as Head of Global Fixed Income in 2013. He is responsible for a significant portion of the firm’s investment business, overseeing over $120 billion in assets under management, and most recently led the firm’s initiative to add a new Emerging Markets Debt investment team to Babson’s global fixed income platform.
“Russ has played a vital role in our firm’s success, and his investment knowledge, business acumen and strong leadership is the underpinning of our global investment business,” said Mr. Finke. “As the firm continues to grow, it is important to have a person of his caliber and vision serve in the Vice Chairman role.” Mr. Morrison added, “I am excited to serve as Babson’s Vice Chairman, and am honored to have been chosen among the firm’s deep talent bench.”
Mr. Morrison’s 25-year career has included roles in the banking, financial audit and investment industries. He received an M.B.A. from Carnegie Mellon’s Graduate School of Industrial Administration, and holds a bachelor’s degree from Wake Forest University.
About Babson Capital Management
Babson Capital Management LLC (Babson Capital) is a leading global asset management firm with over $198 billion in assets under management as of March 31, 2014. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its global affiliates develops products and strategies that leverage its broad expertise in global fixed income, structured products, middle market finance, commercial real estate, alternatives and equities. Babson Capital maintains a strong global footprint, with operations on four continents and clients in over 20 countries. Babson Capital is a member of the MassMutual Financial Group. Learn more at www.babsoncapital.com