The former Labour Prime Minister is one of “five world-renowned experts on economic and political issues” to be part of the PIMCO Global Advisory Board.
Members will give their insights to the firm on global economic, political, and strategic developments and their relevance for financial markets.
Dan Ivascyn, PIMCO’s group chief investment officer, said: “The Global Advisory Board is an unrivalled team of macroeconomic thinkers and former policymakers, whose insights into the intersection of policy and financial markets will be a valuable input to our investment process.”
Ex-Chancellor Mr Brown is joined by the following:
• Ben Bernanke, former Federal Reserve chairman and scholar at the Brookings Institution.
• Ng Kok Song, former chief investment officer of the Government of Singapore Investment Corporation.
• Anne-Marie Slaughter, president and CEO of New America. Also serves as 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. Mr. Trichet led the French Treasury for six years, chaired the Paris Club for sovereign debt rescheduling for 10 years, chaired the European Monetary Committee for 2 years and was governor of Banque de France for 10 years.
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.
Douglas Hodge, PIMCO’s chief executive, said: “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.”