Former Prime Minister Gordon Brown has been appointed to the Global Advisory Board at investment management firm Pimco.
He joins the group’s team of advisers alongside former Fed chairman Ben Bernanke and former chief exec of the Government of Singapore Investment Corporation, as well as Anne-Marie Slaughter, president and chief exec of New America, and ex-president of the European Central Bank Jean-Claude Trichet. Bernanke will chair the board.
Pimco chief investment officer Dan Ivascyn described the new appointments as “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”.
The group’s chief executive, Douglas Hodge, added: “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.”
Meanwhile, Bernanke said: “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.”