NEWPORT BEACH, California (December 7, 2015)- PIMCO, a leading global investment management firm, has retained five world-renowned experts on economic and political issues to form a PIMCO GlobalAdvisory Board. The Board members will contribute their insights to the firm on global economic, political, and strategic developments and their relevancefor financial markets. The members of the Board are Ben Bernanke (who will serve as chairman), Gordon Brown, Ng Kok Song, Anne-Marie Slaughter andJean-Claude Trichet.
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 attendthe firm’s annual Secular Forum in May of each year, where PIMCO’s investment professionals discuss the economic outlook and its implications for marketsover the next three to five years. Together, the Board members will contribute their economic, geopolitical, and market expertise and insights to thefirm’s investment process.
The Global Advisory Board members:
- Ben Bernanke, former Federal Reserve Chairman and scholar at the Brookings Institution.
- Gordon Brown, former U.K Prime Minister and former Chancellor of the Exchequer.
- Ng Kok Song, former Chief Investment Officer of the Government of Singapore Investment Corporation (GIC).
- Anne-Marie Slaughter, President and CEO of New America, Bert G. Kerstetter '66 University Professor Emerita of Politics and International Affairs at Princeton University,and former Director of Policy Planning for the U.S. State Department.
- Jean-Claude Trichet, former President of the European Central Bank and present chairman of the European group of the Trilateral Commission.
“The Global Advisory Board is an unrivalled team of macroeconomic thinkers and former policymakers, whose insights into the intersection of policy andfinancial markets will be a valuable input to our investment process,” said Dan Ivascyn, PIMCO’s Group Chief Investment Officer.
“Sharing insights on how global macroeconomic and geopolitical policy affects markets and investments is an important part of the value we bring toinvestors 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 Chief Executive Officer.
Dr. Bernanke, Chair of the PIMCO Global Advisory Board and senior advisor to the firm, said: “I am honored to chair a Board of individuals I hold in thehighest esteem. We are all excited by the opportunity to provide PIMCO’s strong team of investment professionals with our collective view on how globaleconomic, political, and strategic developments will affect markets and PIMCO’s clients.”
Ben S. Bernanke, Ph.D:Dr. Bernanke is a senior advisor to PIMCO and a Distinguished Fellow at the Brookings Institution. He contributes his views and insights on the economy tothe firm’s investment process and engages periodically with clients. Prior to becoming an advisor to PIMCO in April 2015, he was Chairman of the Board ofGovernors of the Federal Reserve from February 2006 through January 2014. He served as Chairman of the President’s Council of Economic Advisers in 2005.Dr. Bernanke was a Professor of Economics at Princeton University from 1985 to 2002. He has published articles on a variety of economic and monetary issuesand is the author of several scholarly books and two textbooks. He holds a Ph.D. in economics from MIT and a bachelor’s degree from Harvard University.
Gordon Brown:Gordon Brown was Prime Minister of the United Kingdom from June, 2007 to May, 2010. Previously Mr. Brown served as Chancellor of the Exchequer from 1997 to2007, becoming the longest-serving holder of that office in two centuries. He holds a Ph.D. in history from the University of Edinburgh and beforeentering Parliament was a lecturer. He has authored a number of books and since leaving government, he has been the United Nations Special Envoy forGlobal Education and chaired the Global Strategic Infrastructure Initiative of the World Economic Forum.
Ng Kok Song:Mr. Ng served as Group Chief Investment Officer of GIC (Government of Singapore Investment Corporation) from 2007 to 2013. Previously, he was the foundingChairman of the Singapore International Monetary Exchange (SIMEX) from 1983 to 1987, now incorporated into the Singapore Exchange. Mr. Ng was a member ofthe Strategic Committee of Agency France Tresor from 2001 to 2014, for which the Government of France conferred on him the award of “La Croix de Chevalierde la Legion d’Honneur” in 2004. He holds a Bachelor’s degree in physics from the University of Singapore and a Sloan Master’s degree in management fromStanford University.
Anne-Marie Slaughter:Dr. Slaughter is President and CEO of New America, a think tank and civic enterprise. She also serves as the Bert G. Kerstetter '66 University ProfessorEmerita of Politics and International Affairs at Princeton University. Previously, Dr. Slaughter was the director of policy planning for the U.S.Department of State from January 2009 to February 2011. Prior to her government service, Dr. Slaughter served as the Dean of the Woodrow Wilson School ofPublic and International Affairs of Princeton University from 2002 to 2009. She has written and edited many books and scholarly articles, and from 1994 to2002, Dr. Slaughter was the J. Sinclair Armstrong Professor of International, Foreign, and Comparative Law and director of the international legal studiesprogram at Harvard Law School. She holds a D.Phil in international relations from Oxford, a J.D. from Harvard Law School and a Bachelor’s degree fromPrinceton University.
Jean-Claude Trichet:Mr. Trichet was President of the European Central Bank from November 2003 to October 2011, and was President of the European Systemic Risk Board since itsinception until October 2011. Previously, Mr. Trichet led the French Treasury for six years, chaired the Paris Club for sovereign debt rescheduling for 10years, chaired the European "Monetary Committee" for 2 years and was governor of Banque de France for 10 years. Early in his career he was advisor to theFrench President for microeconomics, energy, industry and research from 1978 to 1981. Mr. Trichet is an ingenieur civil des mines. He graduated from theInstitut d’études politiques de Paris, the Université de Paris in economics and the Ecole nationale d’administration."