PIMCO, one of the world’s premier fixed income investment managers, has added Michèle Flournoy, an expert in US defence policy and national security issues, to the firm’sGlobal Advisory Board.
The Board provides PIMCO’s 870-plus global investment professionals with insights on global economic, political, and strategic developments and their relevance for financial markets.
Flournoy served as Under Secretary of Defense for Policy in the Obama Administration and as Deputy Assistant Secretary of Defense for Strategy in the Clinton Administration. She is Managing Partner of WestExec Advisors, which she co-founded with US Secretary of State Antony Blinken, and former Co-Founder and Chief Executive Officer of the Center for a New American Security (CNAS). In her role as Under Secretary of Defense for Policy, Flournoy was the principal advisor to the Secretary of Defense in the formulation of national security and defense policy, oversight of military plans and operations, and in National Security Council deliberation sand represented the US in defence policy engagements around the world.
“Michèle has deep experience in US defence policy and national security issues and is a remarkable addition to our Global Advisory Board,” says Emmanuel Roman, PIMCO’s Chief Executive Officer. “Her insights and analysis of the role geopolitical developments will play in policies and actions by major governments will help us assess their potential impact on capital markets for our clients.”
“PIMCO’s economic outlook incorporates the potentially disruptive effects of geopolitical events on markets and Michèle’s expertise in assessing the national security and policy implications of these events will be a key input into our assessment of investment risk and opportunity,” says Dan Ivascyn, PIMCO’s Group Chief Investment Officer.
Alongside Flournoy, PIMCO’s Global Advisory Board members include Ben Bernanke, former Federal Reserve Chairman and Chair of the Board, Gordon Brown, former UK Prime Minister and former Chancellor of the Exchequer, Ng Kok Song, former Chief Investment Officer of the Government of Singapore Investment Corporation (GIC), Joshua Bolten, former White House Chief of Staff, and Mark Carney, United Nations Special Envoy on Climate Action and Finance and former Governor of both the Bank of England and Bank of Canada.