Daniel Ivascyn

PIMCO, a leading global investment management firm, has retained five world-renowned experts on economic and political issues to form a PIMCO Global Advisory Board.

The Board members will contribute their insights to the firm on global economic, political, and strategic developments and their relevance for financial markets.

The members of the Board are Ben Bernanke (who will serve as chairman), Gordon Brown, Ng Kok Song, Anne-Marie Slaughter and Jean-Claude Trichet.

The Board will meet several times a year at PIMCO’s Newport Beach office as well as at other PIMCO offices around the world. The members will also attend the firm’s annual Secular Forum in May of each year, where PIMCO’s investment professionals discuss the economic outlook and its implications for markets over the next three to five years. Together, the Board members will contribute their economic, geopolitical, and market expertise and insights to the firm’s investment process.

The Global Advisory Board members:

• Ben Bernanke, former Federal Reserve Chairman and scholar at the Brookings Institution.
• Gordon Brown, former U.K Prime Minister and former Chancellor of the Exchequer.
• Ng Kok Song, former Chief Investment Officer of the Government of Singapore Investment Corporation (GIC).
• Anne-Marie Slaughter, President and CEO of New America, Bert G. Kerstetter ’66 University Professor Emerita of Politics and International Affairs at Princeton University, and former Director of Policy Planning for the U.S. State Department.
• Jean-Claude Trichet, former President of the European Central Bank and present chairman of the European group of the Trilateral Commission.

“The Global Advisory Board is an unrivalled team of macroeconomic thinkers and former policymakers, whose insights into the intersection of policy and financial markets will be a valuable input to our investment process,” said Dan Ivascyn, PIMCO’s Group Chief Investment Officer.

“Sharing insights on how global macroeconomic and geopolitical policy affects markets and investments is an important part of the value we bring to investors as stewards of their assets, so our clients will benefit greatly from the experience and insight the Global Advisory Board will provide to us,” said Douglas Hodge, PIMCO’s Chief Executive Officer.

Dr. Bernanke, Chair of the PIMCO Global Advisory Board and senior advisor to the firm, said: “I am honored to chair a Board of individuals I hold in the highest esteem. We are all excited by the opportunity to provide PIMCO’s strong team of investment professionals with our collective view on how global economic, political, and strategic developments will affect markets and PIMCO’s clients.”

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Mr. Seidner will return to the firm in a new role as Chief Investment Officer—Non-traditional Strategies and Head of Portfolio Management in the New York office, as well as a member of PIMCO’s Investment Committee. He will begin on November 12th and will report to Daniel Ivascyn, Group Chief Investment Officer.

Mr. Seidner, who was a Senior Portfolio Manager at PIMCO from 2009 to 2014, will work closely with Mr. Ivascyn on the oversight of several non-traditional investment teams. In addition, he will assume generalist portfolio management responsibilities as part of his new role. In his previous role at PIMCO, Mr. Seidner was a member of the PIMCO Investment Committee and managed a range of portfolios that included PIMCO total return separate accounts.

Said Mr. Ivascyn: “Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of PIMCO, and his return will further enhance our global investment platform.” Mr. Ivascyn continued: “Marc will be able to seamlessly contribute to our investment process and efforts on behalf of PIMCO’s clients. We are very pleased that he is returning to PIMCO in a senior portfolio management role.”

Said Mr. Seidner: “I look forward to returning to PIMCO and becoming a member of the firm’s portfolio management team, which is one of the deepest in the investment management industry.” Mr. Seidner continued: “This new role provides me a unique opportunity to again contribute to PIMCO’s success while also enabling my family and me to remain based on the east coast.”

Additionally, Curtis Mewbourne, current Head of the firm’s NY Portfolio Management group, will return to the firm’s Newport Beach office as a senior member of the firm’s portfolio management team. He will continue in his role as head of the Insurance, 2Diversified Income and Sector Fund Separate Account teams, and will assume additional responsibilities when he returns to Newport Beach in mid-2015.

Said Mr. Ivascyn: “Curtis has been instrumental in establishing and leading PIMCO’s portfolio management platform in our New York office and we are grateful for his tremendous efforts with our New York team over the past four years. We look forward to continuing to benefit from Curtis’ leadership upon his return to Newport Beach in the middle of next year.”

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