Classics Allianz subsidiary Pimco brings former BoE boss on board as advisor

00:05  18 september  2020
00:05  18 september  2020 Source:   pressfrom.com

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(Bloomberg) - The fund company Pacific Investment Management Co. has recruited another well-known advisor for its Global Advisory Board: Mark Carney, the former governor of the Bank of England .

The body, which is chaired by former US Federal Reserve Chairman Ben Bernanke, is an important part of the company's investment process and aims to provide a deeper understanding of the politics and institutions that influence the financial markets, as the Allianz SE subsidiary announced on Wednesday evening .

Other members of the advisory body are former British Prime Minister Gordon Brown and Jean-Claude Trichet, the former President of the European Central Bank.

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BoE†Governor†Mark†Carney†Keynote†At†Northern†Powerhouse†Summit† © Photographer: Matthew Lloyd / Bloomberg BoE † Governor † Mark † Carney † Keynote † At † Northern † Powerhouse † Summit †

Mark Carney

Photographer: Matthew Lloyd / Bloomberg

“Mark's extensive experience as an economist and central banker combined with his Focus on transforming climate finance makes him an invaluable addition to this prestigious group of thinkers, ”said Pimco CEO Emmanuel Roman.

Pimco was founded in 1971 and has approximately $ 1.9 trillion in assets. The Allianz subsidiary is best known for its expertise in the field of fixed income. The company, based in Newport Beach, California, employs more than 2,500 people worldwide.

55-year-old Carney, who was also Governor of the Bank of Canada before joining the UK central bank, is currently the UN's special envoy for climate protection and finance.

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Pimco Adds Ex-Bank of England Head Carney to Advisory Board (1)

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