Mark Carney Joins PIMCO's Global Advisory Board
Fixed income investor PIMCO has added Mark Carney, former Governor of the Bank of England and Bank of Canada, to its Global Advisory Board, which provides PIMCO with insights on global economic, political, and strategic developments and their relevance for financial markets.
PIMCO’s Global Advisory Board was established over four years ago and is now an important part of the firm’s investment process and is designed to provide a deeper understanding of the policies and institutions that influence financial markets. Former Federal Reserve Chairman Ben Bernanke is the Chair of the Board, which is comprised of seven members including Carney.
“Mark’s extensive experience as an economist and central banker, combined with his focus on transforming climate finance, makes him an invaluable addition to this renowned group of thinkers,” said Emmanuel Roman, PIMCO’s Chief Executive Officer.
“The Board continues to be an important part of our investment process, providing unique global insight, and challenging our biases and assumptions, as we pursue the best investment outcomes for our clients around the world,” said Dan Ivascyn, PIMCO’s Group Chief Investment Officer.
Alongside Carney and Bernanke, other members of the PIMCO Global Advisory Board are 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, former Director of Policy Planning for the U.S. State Department, Joshua Bolten, former White House Chief of Staff, and Jean-Claude Trichet, former President of the European Central Bank.
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