Ben Bernanke joins Pimco as senior advisor – Pimco04.29.2015
Will contribute economic expertise and insights to firm’s investment process and engage PIMCO’s clients
NEWPORT BEACH, California (April 29, 2015) – PIMCO, a leading global investment management firm, announced that Dr. Ben Bernanke, former Chairman of the Federal Reserve, will serve as a senior advisor to the firm, contributing his economic expertise and insights to the firm’s investment process and periodically engaging PIMCO’s clients.
“We are honored to have Dr. Bernanke serve as an advisor to PIMCO, and look forward to benefitting from his extraordinary knowledge and expertise to help us add value for our clients. His unrivalled experience in navigating the global economy through the Financial Crisis will provide PIMCO’s investment professionals with unique insights as we help our clients amidst a challenging and uncertain period for global markets in coming years,” said Douglas Hodge, PIMCO’s Chief Executive Officer.
“During his recent participation in two of our quarterly economic forums Dr. Bernanke provided significant insights about global macroeconomic issues and monetary policy, and we are confident that our ongoing relationship with him will further enhance our robust investment process,” said Daniel Ivascyn, PIMCO’s Group Chief Investment Officer.
“I am delighted to work together with PIMCO’s strong team of investment professionals and contribute to its investment process in my role as an advisor to the firm,” said Dr. Bernanke.
PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.