31 Jul 2017
Investcorp, a global provider and manager of alternative investment products, today announced that Dr Mohamed A. El-Erian, Chief Economic Advisor at Allianz and chair of its International Advisory Board, has been appointed to Investcorp’s Advisory Board.
Mr El-Erian, one of the most high-profile figures in global business and investment, has a distinguished career that includes senior roles in academia, international institutions and the private sector. He joins Investcorp’s Advisory Board at a time when the Firm is achieving significant growth driven by an ambitious strategy.
Prior to assuming his current responsibilities at Allianz in 2014, Dr El-Erian was CEO and Co-Chief Investment Officer of PIMCO (2007-14), the international investment management firm he first joined back in 1999 to lead its emerging market business. He has served as Chairman of the US Government’s Global Development Council under President Obama and has held roles including Deputy Director of the International Monetary Fund and CEO and President of the Harvard Management Company. He is currently a contributing editor at the Financial Times, a Bloomberg columnist and co-chairs the capital campaign for Cambridge University and its Colleges. He serves on a number of non-profit Boards, including the National Bureau for Economic Research, the Carnegie Endowment for International Peace and KAUST. The author of two New York Times bestsellers, he has been named one of Foreign Policy’s Top 100 Global Thinkers for four years in a row.
Commenting on the appointment, Dr El-Erian said, “Investcorp has a strong track record of over 35 years of being a bridge for Gulf capital investing in assets in the West. While maintaining its Gulf roots, it has been transforming itself into a truly global alternative asset manager with an international client base, a broad range of products and some of the most talented people in the industry. It is a privilege to have been invited to join its Advisory Board and I am excited about being part of the next stage of the Firm’s growth.”
Mohammed Alardhi, Executive Chairman of Investcorp, said: “It is an honour to welcome Mohamed onto our Advisory Board. As one of the most respected voices on the international financial and economic stage, Mohamed brings with him unique insights that will benefit Investcorp as we deliver on our strategy to become one of the world’s leading global alternative investment firms.
“The combination of his unrivalled experience in leading financial institutions such as PIMCO and Allianz, his in-depth understanding of global markets, and his connectivity around the world will provide the Firm with additional guidance as it continues on its transformation journey.”
Investcorp’s Advisory Board is chaired by Mohammed Alardhi, Executive Chairman of the Firm. It meets annually and provides advice and guidance to the Firm. It consists of Kofi Annan, President of the Global Humanitarian Forum and former Secretary-General of the United Nations; Dr. Wolfgang Schüssel, President of the Foreign Policy and United Nations Association of Austria, and former Federal Chancellor and Minister for Economic Affairs of Austria; Ambassador Wolfgang Ischinger, former German Deputy Foreign Minister and Chairman, Munich Security Conference; Global Head of Government Relations and Public Policy for Allianz; Pierre Keller, former Managing Partner of Lombard Odier & Cie; Ana Palacio, former Foreign Minister of Spain and Senior Vice President of International Affairs and Marketing, AREVA; Deepak Parekh, Chairman of India’s premier housing finance company HDFC Ltd; and Dr Otto Schily, former German Interior Minister and a member of the German Bundestag where he serves on the Committee on Foreign Affairs.