Former head of the Fed, turned blogger, turned distinguished Fellow in Residence with the Economic Studies Program at a think tank, turned HFT hedge fund guru, turned asset management giant advisor, turned best-selling book writer – all within a few years – not bad! Former Federal Reserve Chairman Ben Bernanke together with four other experts on economics and political issues are joining the PIMCO Global Advisory Board.

The four other experts comprising the PIMCO Global Advisory Board include former UK Prime Minister Gordon Brown, former European Central Bank (ECB) President Jean-Claude Trichet, former CIO of GIC (Government of Singapore Investment Corporation) Ng Kok Song, and Dr. Anne-Marie Slaughter, president and CEO of New America.

Ben Bernanke

Bernanke will serve as chairman

Bernanke will serve as chairman of the PIMCO Global Advisory Board. The members of the Board will meet several times a year at the office of the global investment management firm in Newport Beach.

Bernanke and his fellow experts will contribute their insights to PIMCO on global economic, political, and strategic developments and their importance to the financial markets.

The PIMCO Global Advisory Board members will also attend the investment management firm’s annual Secular Forum, which is held in May of every year. During the Secular Forum, PIMCO’s investment professionals discuss their economic outlook and its implications to the markets over the next three to five years.

Unrivalled team of macroeconomic thinkers

In a statement, PIMCO Group Chief Investment Officer Dan Ivascyn, 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.”

On the other hand, PIMCO CEO Douglas Hodge emphasized that one of the important part of the value the firm brings to investors as stewards of their assets is sharing insights on how macroeconomic and geopolitical policy affect the markets.

He emphasized that their clients will obtain great benefits from the experience and insight of the Global Advisory Board.

Commenting on his appointment as chairman of the PIMCO Global Advisory Board, Bernanke said, “I am honored to chair a Board of individuals I hold in the highest esteem. 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.”

Full press release from PIMCO below:

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 Global Advisory Board. The Board members will contribute their insights to the firm on global economic, political, and strategic developments and their relevance for financial markets. The members of the Board are Ben Bernanke (who will serve as chairman), Gordon Brown, Ng Kok Song, Anne-Marie Slaughter and Jean-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 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 Board members will contribute their economic, geopolitical, and market expertise and insights to the firm’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 and financial 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 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 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 the highest esteem. 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.”

Biographies:

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 to the 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 of Governors 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 issues and 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 to 2007, becoming the longest-serving holder of that office in two centuries. ? ?He holds a ?Ph.D. in history from the University of Edinburgh? and before entering Parliament was a lecturer. He has authored a number of books ?and since leaving government, he has been the United Nations Special Envoy for Global 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 founding Chairman of the Singapore International Monetary Exchange (SIMEX) from 1983 to 1987, now incorporated into the Singapore Exchange. Mr. Ng was a member of the 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 Chevalier de 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 from Stanford 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 Professor Emerita 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,

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