People Moves
Top US Defence Policymaker Joins PIMCO
The latest person to join the firm's board will be working alongside a former Fed chairman, a former UK Prime Minister and other luminaries from politics and central banking around the world.
PIMCO, the fixed income
investment manager, has appointed Michèle Flournoy, an expert in
US defence policy and national security issues, to join its
global advisory board. The group is made up of senior political
leaders and central bankers from around the world.
The board provides the firm’s investment professionals with
insights on global economic, political, and strategic
developments and their relevance for financial markets.
Flournoy served as Under Secretary of Defense for Policy in the
Obama Administration and as Deputy Assistant Secretary of Defense
for Strategy in the Clinton Administration. She is managing
partner of WestExec Advisors, which she co-founded with US
Secretary of State Antony Blinken, and former co-founder and CEO
of the Center for a New American Security. In her role as Under
Secretary of Defense for Policy, Flournoy was the principal
advisor to the Secretary of Defense in the formulation of
national security and defence policy, oversight of military plans
and operations, and in National Security Council deliberation and
represented the US in defence policy engagements around the
world.
“Michèle has deep experience in US defence policy and national
security issues and is a remarkable addition to our Global
Advisory Board,” Emmanuel Roman, PIMCO’s CEO said. “Her insights
and analysis of the role geopolitical developments will play in
policies and actions by major governments will help us assess
their potential impact on capital markets for our clients.”
Other advisory board members include Ben Bernanke, former Federal
Reserve Chairman and chair of the board, Gordon Brown, former UK
Prime Minister and former Chancellor of the Exchequer, Ng Kok
Song, former chief investment officer of the Government of
Singapore Investment Corporation (GIC), Joshua Bolten, former
White House Chief of Staff, and Mark Carney, United Nations
Special Envoy on Climate Action and Finance and former Governor
of both the Bank of England and Bank of Canada.
