Mohamed A. El-Erian

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Mohamed El-Erian

El-Erian speaking at the World Economic Forum Summit on the Global Agenda 2008
Born August 19, 1958 (1958-08-19) (age 53)
Residence Newport Beach, California
Nationality French/Egyptian/US
Alma mater Oxford University
Cambridge University
Occupation CEO of PIMCO
Website
[1]

Dr. Mohamed A. El-Erian (IPA: [mæˈħæmmæd elʕeɾˈjæːn]; born August 19, 1958) is the CEO and co-CIO of PIMCO,[1] a global investment management firm and one of the world’s largest bond investors with approximately US$1.35 trillion of assets under management as of September 30, 2011.[2]

In his capacity as CEO, El-Erian is responsible for setting the strategic direction of the firm and leading its operations globally. As co-CIO, and together with PIMCO co-founder Bill Gross, El-Erian oversees investment policies and strategies for all of the company’s portfolio management activities. He is also a lead portfolio manager focusing on global asset allocation strategies, including PIMCO Global Advantage and PIMCO Global Multi-Asset, the latter of which is the firm’s flagship asset allocation strategy.

He re-joined PIMCO at the end of 2007[3] after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. El-Erian served as a member of the faculty of Harvard Business School.

He first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group. Before coming to PIMCO, El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that he spent 15 years at the International Monetary Fund in Washington, D.C.

He is a regular contributor to public debates, including through his writings, radio and television appearances and newspaper interviews.

Contents

[edit] Background and education

El-Erian was born in New York and lived in Egypt as a child. After the 1967 Arab-Israeli War, he accompanied his father on his diplomatic postings abroad only returning to Egypt for short visits. After attending school and university in Great Britain, El-Erian settled in the United States.[4]

El-Erian has published widely on international economic and finance topics. He is a member of the Financial Times "A List"[5] of writers and a regular op-ed contributor to Reuters and Project Syndicate[6]. His columns have appeared in Bloomberg, The Economist, Financial Times, Newsweek, The Wall Street Journal, The Washington Post, The Financial Express, and other outlets. His book, When Markets Collide, was a New York Times and Wall Street Journal bestseller, won the Financial Times and Goldman Sachs Business Book of the Year Award in 2008,[7] and was named a book of the year by The Economist[8] and one of the best business books of all time by The Independent.[9] He was named to Foreign Policy's list of Top 100 Global Thinkers for 2009,[10] 2010[11] and 2011[12], and was inducted into the Fixed Income Analysts Society Hall of Fame on April 14, 2011.[13]

El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the IMF's Committee of Eminent Persons and the Peterson Institute for International Economics. He is currently a board member of the Carnegie Endowment for Peace, the NBER and Cambridge in America.

He holds a master's degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University. In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo.[14]

El-Erian is a widely recognized thought leader and, along with Bill Gross, is credited with developing the post-global financial crisis concept of the "New Normal."[15] He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe,[16][17] the transformative changes occurring in the Middle East[18][19] and other matters related to the global economy.[20][21]

He has spoken at many universities, public institutions and other outlets, including the University of California, Irvine, the New York Public Library and the 92nd Street Y as well as CFA and FT and Economist conferences. He loves sports and has been known to appear on TV wearing the jersey of his favorite football team, the NY Jets.

In November 2007, El-Erian kicked off the speaker series of the MIT Egyptian Club.[22]

[edit] References

  1. ^ http://www.pimco.com/EN/Experts/Pages/MohamedEl-Erian.aspx
  2. ^ http://www.pimco.com/EN/OurFirm/Pages/OurFirmOverview.aspx
  3. ^ Jennifer Ablan (11 September 2007). "El-Erian quits Harvard, rejoins Pimco as co-head". Reuters. http://www.reuters.com/article/2007/09/12/businesspro-harvard-el-erian-dc-idUSN1144842720070912. Retrieved 27 August 2011. 
  4. ^ Financial Times: "The road from Tahrir Square to democracy" By Mohamed El-Erian February 14, 2011
  5. ^ "The A-List | Must-read views on today’s top news stories". Blogs.ft.com. http://blogs.ft.com/the-a-list/. Retrieved 2011-08-18. 
  6. ^ http://www.project-syndicate.org/contributor/1815
  7. ^ "When Markets Collide - Mohamed El-Erian wins the Financial Times and Goldman Sachs Business Book of the Year Award 2008". Goldman Sachs. October 14, 2008. http://www2.goldmansachs.com/our-firm/press/press-releases/archived/2008/business-book-award-winner-announcement.html. Retrieved 2011-08-18. 
  8. ^ "Books of the year: Pick of the pile". The Economist. December 4, 2008. http://www.economist.com/node/12719711?story_id=12719711. Retrieved 2011-08-18. 
  9. ^ "The best business books of all time". The Independent. 13 December 2008. http://www.independent.co.uk/arts-entertainment/books/features/the-best-business-books-of-all-time-1064786.html. Retrieved 2011-08-18. 
  10. ^ "Foreign Policy's First Annual List of the 100 Top Global Thinkers". Foreign Policy. December 2009. http://www.foreignpolicy.com/articles/2009/11/30/the_fp_top_100_global_thinkers?page=full. Retrieved 2011-08-18. 
  11. ^ "Foreign Policy's Second Annual List of the 100 Top Global Thinkers". Foreign Policy. http://www.foreignpolicy.com/articles/2010/11/29/the_fp_top_100_global_thinkers?page=full. Retrieved 2011-08-18. 
  12. ^ http://www.foreignpolicy.com/articles/2011/11/28/the_fp_top_100_global_thinkers?page=0,38#thinker54
  13. ^ "Mohamed El-Erian Speech". Fixed Income Analysts Society. April 14, 2011. http://www.fiasi.org/fixed-income-hall-of-fame/69-2011-hall-of-fame/227-mohamed-el-erian-speech. Retrieved 2011-08-18. 
  14. ^ http://www.aucegypt.edu/Documents/Commencement_Speech.pdf
  15. ^ "Investing in the New Normal". Kiplinger.com. October 19, 2010. http://www.kiplinger.com/columns/value/archive/pimco-global-multi-asset-fund-investing-in-new-normal.html?topic_id=43. Retrieved 2011-08-18. 
  16. ^ El-Erian, Mohamed (February 3, 2011). "Spain is not Greece and need not be Ireland". Financial Times. http://www.ft.com/cms/s/0/ff2b6e34-2f8a-11e0-834f-00144feabdc0.html. Retrieved 2011-08-18. 
  17. ^ El-Erian, Mohamed (January 17, 2011). "Europe is running fast to stand still". Financial Times. http://www.ft.com/cms/s/0/89c3e2bc-222d-11e0-b91a-00144feab49a.html. Retrieved 2011-08-18. 
  18. ^ El-Erian, Mohamed (February 9, 2011). "Resetting Egypt’s economy | The Great Debate". Blogs.reuters.com. http://blogs.reuters.com/great-debate/2011/02/09/resetting-egypts-economy/. Retrieved 2011-08-18. 
  19. ^ El-Erian, Mohamed (January 31, 2011). "Egypt's Improbable Path Traces Four Points: Mohamed A. El-Erian". Bloomberg. http://www.bloomberg.com/news/2011-01-31/egypt-s-improbable-path-traces-four-points-mohamed-a-el-erian.html. Retrieved 2011-08-18. 
  20. ^ El-Erian, Mohamed (February 22, 2011). "Prepare for a shock from the Middle East". Financial Times. http://www.ft.com/cms/s/0/b62b7532-3e79-11e0-9e8f-00144feabdc0.html. Retrieved 2011-08-18. 
  21. ^ El-Erian, Mohamed A. (January 25, 2011). "Davos Moguls Adjust to Fast, Slow, Reverse: Mohamed A. El-Erian". Bloomberg. http://www.bloomberg.com/news/2011-01-26/davos-moguls-adjust-to-fast-slow-reverse-mohamed-a-el-erian.html. Retrieved 2011-08-18. 
  22. ^ "Social". Web.mit.edu. 2007-11-26. http://web.mit.edu/egypt/social.html. Retrieved 2011-08-18. 

[edit] Books

  • (2008) When Markets Collide: Investment Strategies for the Age of Global Economic Change, McGraw-Hill Professional. ISBN 978-0-07-159281-9.

[edit] External links

Mohamed A. El-Erian collected news and commentary at The Economist

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