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.