Bernanke, Trichet Join New PIMCO Global Advisory Board

Dec 7 2015 | 5:57pm ET

Global investment management firm PIMCO is creating a five-person advisory panel designed to contribute insights into worldwide economic and political issues and their potential relevance for financial markets.

The board will be chaired by former U.S. Federal Reserve chairman Ben Bernanke. Other members will include former U.K. Prime Minister Gordon Brown, former Government of Singapore Investment Fund CIO Ng Kok Song, New America CEO and former dean of Princeton’s Woodrow Wilson school of Public and International Affairs Anne-Marie Slaughter, and former ECB president Jean-Claude Trichet, according to the company.

The board will meet several times a year at PIMCO’s Newport Beach office as well as at other PIMCO offices around the world. The members will also attend the firm’s annual Secular Forum in May of each year, where PIMCO’s investment professionals discuss the economic outlook and its implications for markets over the next three to five years. 

Together, the five members will contribute economic, geopolitical, and market insights to the firm’s investment process, said PIMCO in a statement.

“Sharing insights on how global macroeconomic and geopolitical policy affects markets and investments is an important part of the value we bring to investors as stewards of their assets, so our clients will benefit greatly from the experience and insight the Global Advisory Board will provide to us,” said Douglas Hodge, PIMCO’s CEO.

“I am honored to chair a board of individuals I hold in the highest esteem,” added Dr. Bernanke. “We are all excited by the opportunity to provide PIMCO’s strong team of investment professionals with our collective view on how global economic, political, and strategic developments will affect markets and PIMCO’s clients.”

Bernanke became an advisor to PIMCO in April 2015 only a week after signing on to also consult for hedge fund Citadel. He is also currently a distinguished fellow at the Brookings Institution.

PIMCO, a unit of Frankfurt-based Allianz SE, had more than $1.45 trillion in assets under management as of Sept. 30. Its flagship Total Return fund, run by bond guru Bill Gross until fall 2014, has only recently stemmed capital outflows following Gross’s departure.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...