Pimco adds ex-BoE's Carney to global advisory board
US fixed income asset manager Pimco on Wednesday announced that Mark Carney, economist and former governor of both the Bank of England and the Bank of Canada, joined the firm's global advisory board.
The board, established in 2016 and chaired by ex-Federal Reserve chief Ben Bernanke, provides Pimco's investment professionals with insights on global economic, political, and strategic developments and their relevance for financial markets.
Carney, who joined Canadian alternative manager Brookfield Asset Management in August as vice-president in charge of environmental, social and governance investments, is also tasked as UN special envoy on climate action and finance.
“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 renowned group of thinkers,” said Emmanuel Roman, PIMCO’s CEO.
Other members of the manager's global advisory board include Gordon Brown, former UK Prime Minister and former chancellor of the Exchequer, Ng Kok Song, former chief investment officer of Singapore's sovereign wealth fund GIC, Anne-Marie Slaughter, former director of policy planning for the US State Department, Joshua Bolten, former White House chief of staff, and Jean-Claude Trichet, former president of the European Central Bank.