Mohamed A. El-Erian
Encyclopedia
Dr. Mohamed A. El-Erian (mæˈħæmmæd elʕeɾˈjæːn; born August 19, 1958) is the CEO and co-CIO of PIMCO, a global investment management firm and one of the world’s largest bond investors with approximately US$1.34 trillion of assets under management
as of June 30, 2011.
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 tactical asset allocation
strategies.
He re-joined PIMCO at the end of 2007 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.
El-Erian has published widely on international economic and finance topics. He is a member of the Financial Times "A List" of writers and a regular op-ed contributor to Reuters
. 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, and was named a book of the year by The Economist and one of the best business books of all time by The Independent
. He was named to Foreign Policy
s list of Top 100 Global Thinkers for 2009 and 2010, and was inducted into the Fixed Income Analysts Society Hall of Fame on April 14, 2011.
El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women
, and the IMF's Committee of Eminent Persons. He is currently a board member of the Carnegie Endowment for Peace, the NBER, the Peterson Institute for International Economics 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.
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." He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe, the transformative changes occurring in the Middle East and other matters related to the global economy.
In November 2007, El-Erian kicked off the speaker series of the MIT Egyptian Club.
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
as of June 30, 2011.
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 tactical asset allocation
Global tactical asset allocation
Global Tactical Asset Allocation, or GTAA, is a top-down investment strategy that attempts to exploit short-term mis-pricings among a global set of assets...
strategies.
He re-joined PIMCO at the end of 2007 after serving for two years as president and CEO of Harvard Management Company
Harvard Management Company
Harvard Management Company or HMC is an American investment management corporation wholly owned subsidiary of Harvard University, charged with managing the university's endowment, pension assets, working capital, and non-cash gifts...
, the entity that manages Harvard’s endowment and related accounts. El-Erian served as a member of the faculty of Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
.
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
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
Background and education
El-Erian was born 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 university in Great Britain, El-Erian settled in the United States.El-Erian has published widely on international economic and finance topics. He is a member of the Financial Times "A List" of writers and a regular op-ed contributor to Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
. His columns have appeared in Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, Newsweek
Newsweek
Newsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence...
, The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
, The Washington Post
The Washington Post
The Washington Post is Washington, D.C.'s largest newspaper and its oldest still-existing paper, founded in 1877. Located in the capital of the United States, The Post has a particular emphasis on national politics. D.C., Maryland, and Virginia editions are printed for daily circulation...
, 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
Financial Times and Goldman Sachs Business Book of the Year Award
Financial Times and Goldman Sachs Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times and Goldman Sachs. It aims to find the book that has ‘the most compelling and enjoyable insight into modern business issues.’ The...
in 2008, and was named a book of the year by The Economist and one of the best business books of all time by The Independent
The Independent
The Independent is a British national morning newspaper published in London by Independent Print Limited, owned by Alexander Lebedev since 2010. It is nicknamed the Indy, while the Sunday edition, The Independent on Sunday, is the Sindy. Launched in 1986, it is one of the youngest UK national daily...
. He was named to Foreign Policy
Foreign Policy
Foreign Policy is a bimonthly American magazine founded in 1970 by Samuel P. Huntington and Warren Demian Manshel.Originally, the magazine was a quarterly...
s list of Top 100 Global Thinkers for 2009 and 2010, and was inducted into the Fixed Income Analysts Society Hall of Fame on April 14, 2011.
El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women
International Center for Research on Women
-Focus areas:ICRW research identifies women's contributions to their communities and the barriers – like HIV, violence, and lack of education – that prevent them from being economically stable and able to fully participate in society...
, and the IMF's Committee of Eminent Persons. He is currently a board member of the Carnegie Endowment for Peace, the NBER, the Peterson Institute for International Economics 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.
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." He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe, the transformative changes occurring in the Middle East and other matters related to the global economy.
In November 2007, El-Erian kicked off the speaker series of the MIT Egyptian Club.
Books
- (2008) When Markets Collide: Investment Strategies for the Age of Global Economic Change, McGraw-Hill Professional. ISBN 978-0-07-159281-9.
External links
- Profile at PIMCO
- Column archive at Project SyndicateProject SyndicateProject Syndicate is an international not-for-profit newspaper syndicate and association of newspapers. It distributes commentaries and analysis by experts, activists, Nobel laureates, statesmen, economists, political thinkers, business leaders and academics to its member publications, and...
- Interview of CNBC with El-Erian
- "Making the grade: Face to Face with Harvard's Mohamed El-Erian,", Douglas Appell, Pensions & Investments, September 3, 2007