Babson Gets Credit Suisse’s Mustafayev in Emerging-Debt Push

Babson Capital Management LLC hired Natig Mustafayev from Credit Suisse Group AG, adding to a team of newly hired emerging-market debt managers as the $198 billion investment firm pushes into developing countries.

Mustafayev, who was an associate economist and later vice president in emerging markets at Credit Suisse in London, joined last week as a sovereign analyst, the Charlotte, North Carolina-based firm said in an e-mailed statement. Oppenheimer Funds Inc.’s Cem Karacadag joined in February and Ashwinder Bakhshi was recruited from Friends Life Group Ltd. The team, started in October, now numbers 14.