Monday, August 27, 2012

Expanded Babson Capital moving to Duke Energy Center

Babson Capital Management is moving to new space in the Duke Energy Center after adding more than 30 employees over the last few years, the company announced Monday.

The global $149 billion asset management company now employs 94 in Charlotte and has space to grow further, the company said. It had been in offices in the Charlotte Plaza building on South College Street.

Babson's largest office is in Springfield, Mass. It came to Charlotte in 2002 by buying the First Union Institutional Debt Management unit, which at that time was a subsidiary of Wachovia.