Mohamed A. El-Erian

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Mohamed A. El-Erian
Mohamed A. El-Erian at the World Economic Forum Summit on the Global Agenda 2008.jpg
El-Erian speaking at the World Economic Forum Summit on the Global Agenda 2008
Born (1958-08-19) August 19, 1958 (age 55)
New York
Residence Newport Beach, California
Nationality French/Egyptian/US
Alma mater Queens' College, Cambridge
St. Anthony's College, Oxford
Occupation former CEO of PIMCO

Mohamed A. El-Erian (Egyptian Arabic: [mæˈħæmmæd elʕeɾˈjæːn]; born August 19, 1958) is the former CEO and co-CIO of PIMCO.,[1] a global investment firm and one of the world's largest bond investors, with approximately $2 trillion of assets under management as of December 2013.

He currently serves as Chief Economic Adivsor at Allianz, PIMCO's corporate parent.[2] As part of the Financial Times' A List,[3] he is also a regular contributor to this publication as well as Fortune/CNN[4] and Foreign Policy.[5]

As CEO, El-Erian was responsible for setting the strategic direction of the firm and leading its operations globally. As co-CIO with PIMCO cofounder Bill Gross, El-Erian oversaw investment policies and strategies for all of the company’s portfolio management activities. He was 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[6] after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. He served as a member of the faculty of Harvard Business School. He is currently a member of the Harvard Global Advisory Council.

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

On December 21, 2012, President Obama announced the appointment of El-Erian as the Chair of the president's Global Development Council.[7]

Early life and education[edit]

El-Erian was born in New York but spent his childhood in Egypt. The family moved back to New York in 1968 when his father took a position at the United Nations. He also accompanied his father on his other diplomatic postings abroad, including as Ambassador to France (1971–73), only returning to Egypt for short visits.

After gaining an entrance scholarship and receiving his first class honors undergraduate degree in economics from Queens' College, Cambridge, he obtained master's and doctorate degrees in economics from Oxford University. In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo.[8] Following a Governing Body decision, he was admitted in December 2013 as an Honorary Fellow of Queens' College, Cambridge University.

Career[edit]

El-Erian settled in the United States in 1983, taking a position at the International Monetary Fund in Washington, D.C.[9]

El-Erian has published widely on international economic and finance topics. He is a member of the Financial Times "A-List"[10] of writers and has a monthy column in Foreign Policy. He is also a regular op-ed contributor to Project Syndicate.[11] His columns have appeared in The Atlantic, Bloomberg, The Economist, Financial Times, Fortune, 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. The book won the Financial Times and Goldman Sachs Business Book of the Year Award in 2008[12] and also was named a book of the year by The Economist[13] and one of the best business books of all time by The Independent.[14]

El-Erian was named to Foreign Policy's list of Top 100 Global Thinkers for 2009,[15] 2010,[16] 2011,[17] and 2012.[18] In April 2013, Foreign Policy named him as one of the 500 most powerful people on the planet.[19] He was inducted into the Fixed Income Analysts Society Hall of Fame on April 14, 2011.[20] In 2011, 2012, and 2013, he was included in Investment Advisor’s annual IA 25 list honoring the most influential people in and around the advisor community.[21][22][23] In December 2012, Marketwatch named him one of “30 leaders who will set the agenda in 2013” – the publication’s annual list of the people who will shape economic currents in the coming year.[24] In September 2013, he was recognized as the Capital Markets Personality of the Year by Africa investor, an international investment and communications group that publishes a leading magazine for Africa’s investment decision makers.[25] Worth Magazine, a publication focused on high net worth individuals, named El-Erian to its Power 100 list – “The 100 Most Powerful People in Finance” – in 2011,[26] 2012,[27] and 2013.[28] In September 2012, he was given the Creative Leadership Award by the Louise Blouin Foundation. In February 2014, the Ukleja Center[29] honored him with the 2014 Nell and John Wooden Ethics in Leadership award.

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 International Peace, the NBER, and Cambridge in America. Since 2007, he has served as chair of the Microsoft Investment Advisory Committee.

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".[30] He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe,[31][32] the transformative changes occurring in the Middle East,[33][34] and other matters related to the global economy.[35][36]

El-Erian has spoken at many universities, public institutions, and other outlets, including the University of California, Irvine, the New York Public Library, the University of Southern California, Cambridge, Oxford, the Newport Beach Public Library, and the 92nd Street Y. He also spoke at CFA, FT, and Economist conferences. In November 2007, El-Erian was the series kick-off the speaker of the MIT Egyptian Club.[37] In 2010 he delivered the Per Jacobsson Foundation Lecture[38] in Washington, D.C. In 2012 he was chosen to present the Homer Jones Memorial Lecture[39][40] at the Federal Reserve Bank of St. Louis. In October 2012, he delivered the keynote Bagehot at The Economist’s Buttonwood Gathering in New York. In November 2013, he delivered the luncheon speech at the IMF’s Annual Research Conference that also featured Ben Bernanke, Olivier Blanchard, Stanley Fischer, Ken Rogoff, and Larry Summers. He also is a contributor to LinkedIn’s Influencer series.

He loves sports and has been known to appear on TV wearing the jersey of his favorite football team, the New York Jets.

On January 21, 2014, El-Erian resigned from PIMCO as of mid-March 2014.

He remains a member of the parent company's (Allianz) international executive committee and an advisor to the management board.

References[edit]

  1. ^ "Experts - Mohamed A. El-Erian". PIMCO. Retrieved 2012-06-15. 
  2. ^ "Allianz Names El-Erian as Chief Economic Adviser". Bloomberg News. Retrieved 17 March 2014. 
  3. ^ "The A List". Financial Times. Retrieved 17 March 2014. 
  4. ^ "El-Erian: How the markets should read Ukraine's crisis". CNN. Retrieved 17 March 2014. 
  5. ^ "Laggard". Foreign Policy. Retrieved 17 March 2014. 
  6. ^ Jennifer Ablan (11 September 2007). "El-Erian Quits Harvard, Rejoins Pimco as Co-head". Reuters. Retrieved 27 August 2011. 
  7. ^ "Times Of India". 2012-12-22. Retrieved 2012-12-22. 
  8. ^ http://www.aucegypt.edu/Documents/Commencement_Speech.pdf
  9. ^ "The Road from Tahrir Square to Democracy", Mohamed El-Erian, Financial Times, February 14, 2011
  10. ^ "The A-List | Must-read views on today's top news stories". Blogs.ft.com. Retrieved 2011-08-18. 
  11. ^ "Mohamed A. El-Erian". Project Syndicate. Retrieved 2012-06-15. 
  12. ^ "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. Retrieved 2011-08-18. 
  13. ^ "Books of the year: Pick of the pile". The Economist. December 4, 2008. Retrieved 2011-08-18. 
  14. ^ "The best business books of all time". The Independent. 13 December 2008. Retrieved 2011-08-18. 
  15. ^ "Foreign Policy's First Annual List of the 100 Top Global Thinkers". Foreign Policy. December 2009. Retrieved 2011-08-18. 
  16. ^ "Foreign Policy's Second Annual List of the 100 Top Global Thinkers". Foreign Policy. Retrieved 2011-08-18. 
  17. ^ "The FP Top 100 Global Thinkers". Foreign Policy. Retrieved 2012-06-15. 
  18. ^ "The FP Top 100 Global Thinkers". Foreign Policy. 26 November 2012. Archived from the original on 28 November 2012. Retrieved 28 November 2012. 
  19. ^ "The FP Power Map". Foreign Policy. April 29, 2013. Retrieved 2013-04-29. 
  20. ^ "Mohamed El-Erian Speech". Fixed Income Analysts Society. April 14, 2011. Retrieved 2011-08-18. 
  21. ^ "Who Are the 'Most Influential' People in the Investment Advisory Business? The 10th Annual IA 25 Reveals Honorees for 2012". MarketWatch. Retrieved 2012-06-15. 
  22. ^ Waddell, Melanie. "2012 IA 25". Advisorone.com. Retrieved 2012-06-15. 
  23. ^ "Mohamed El-Erian: The 2013 IA 25 Extended Profile". Advisorone.com. 2013-04-29. Retrieved 2013-04-30. 
  24. ^ "30 leaders who will set agenda in 2013". MarketWatch. 2012-12-06. Retrieved 2012-12-07. 
  25. ^ "Ai Weekly Commentary". Africa Investor. 2013-09-23. Retrieved 2013-09-26. 
  26. ^ "Worth Power 100 – The 100 Most Powerful People in Finance". Worth. Retrieved 2013-10-16. 
  27. ^ "Worth Announces 3rd Annual Worth Power 100: The 100 Most Powerful People in Finance". Worth. Retrieved 2013-10-16. 
  28. ^ "The Power 100 | The 100 Most Powerful People in Finance". Worth. Retrieved 2013-10-16. 
  29. ^ "Ukleja Center for Ethical Leadership". Retrieved 12 March 2014. 
  30. ^ "Investing in the New Normal". Kiplinger.com. October 19, 2010. Retrieved 2011-08-18. 
  31. ^ El-Erian, Mohamed (February 3, 2011). "Spain is not Greece and need not be Ireland". Financial Times. Retrieved 2011-08-18. 
  32. ^ El-Erian, Mohamed (January 17, 2011). "Europe is running fast to stand still". Financial Times. Retrieved 2011-08-18. 
  33. ^ El-Erian, Mohamed (February 9, 2011). "Resetting Egypt’s economy | The Great Debate". Blogs.reuters.com. Retrieved 2011-08-18. 
  34. ^ El-Erian, Mohamed (January 31, 2011). "Egypt's Improbable Path Traces Four Points: Mohamed A. El-Erian". Bloomberg. Retrieved 2011-08-18. 
  35. ^ El-Erian, Mohamed (February 22, 2011). "Prepare for a shock from the Middle East". Financial Times. Retrieved 2011-08-18. 
  36. ^ El-Erian, Mohamed A. (January 25, 2011). "Davos Moguls Adjust to Fast, Slow, Reverse: Mohamed A. El-Erian". Bloomberg. Retrieved 2011-08-18. 
  37. ^ "Social". Web.mit.edu. 2007-11-26. Retrieved 2011-08-18. 
  38. ^ http://www.perjacobsson.org/lectures/101010.pdf
  39. ^ Mohamed A. El-Erian. "Viewpoints - Evolution, Impact and Limitations of Unusual Central Bank Policy Activism". PIMCO. Retrieved 2012-06-15. 
  40. ^ "Homer Jones - St. Louis Fed". St. Louis Fed. Retrieved 2012-06-15. 

Books[edit]

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

External links[edit]