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Mohamed El-Erian

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Mohamed El-Erian

Mohamed Aly El-Erian (Arabic: محمد العريان, romanizedMuḥammad al-ʿAryān; born August 19, 1958) is an Egyptian-American economist and businessman. He was President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (2007–14). He was chair of President Obama's Global Development Council (2012–17), and is a columnist for Bloomberg View, and a contributing editor to the Financial Times. El-Erian was a candidate in the 2025 University of Cambridge Chancellor election, coming second.

Since 2014, he has been on the panel of experts that judged and selected the Financial Times/McKinsey Business Book of the Year. He is also a regular contributor to Project Syndicate, Yahoo! Finance, Business Insider as well as Fortune/CNN and Foreign Policy. Named for four years in a row as one of Foreign Policy's "Top 100 Global Thinkers," he has written two New York Times bestsellers, including The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, published in January 2016 by Random House. Together with Sir Harvey McGrath, he co-chairs the capital campaign for Cambridge University. On July 1, 2019, El-Erian was appointed Senior Global Fellow at The Lauder Institute and part-time Professor of Practice at The Wharton School.

El-Erian was born in New York City on August 19, 1958, to Egyptian parents Abdullah El-Erian, then an ambassador (later, a judge at the International Court of Justice), and Nadia Shoukry, a cousin of Egyptian politician Ibrahim Shoukry. Shortly after El-Erian's birth, the family moved back to Egypt, where he spent some of his early childhood along with short periods in Europe while his father attended meetings of the International Law Commission. In 1968, the family moved back to New York when his father took a position at the United Nations. From 1971–73, they lived in France while El-Erian's father was the Egyptian ambassador to that nation.

After attending St John's School, Leatherhead, a boarding school in England, he gained a scholarship to Queens' College, Cambridge, and received a first class bachelor's degree in economics in 1980. He later obtained a master's degree (1983) and a doctorate (1985) in economics from St Antony's College, Oxford.

After his studies at Oxbridge, El-Erian settled in the US in 1983, taking a position at the International Monetary Fund in Washington, D.C., where he rose to become deputy director. He moved to the private sector in January 1998, working in London at Salomon Smith Barney/Citigroup before being recruited by PIMCO to lead its work on emerging markets.[citation needed]

El-Erian worked for several years at PIMCO as a managing director and head of the emerging market portfolio team, where he earned notoriety by avoiding the 2001 bond default by Argentina that otherwise stung the international bond market. Subsequently, he was appointed CEO and president of Harvard Management Company, the entity that manages Harvard's endowment and related accounts. He also served as a member of the faculty of Harvard Business School. As of 2020, he is a member of the Harvard Global Advisory Council.[citation needed]

After twenty months at Harvard, El-Erian returned to PIMCO in December 2007 as CEO and co-CIO. As CEO of PIMCO, El-Erian was responsible for setting the strategic direction of the firm and leading its operations globally. As co-CIO with PIMCO co-founder Bill H. Gross, El-Erian oversaw investment policies and strategies for all the company's portfolio management activities. He helped deliver investment performance for clients and grow PIMCO's assets under management from under $1 trillion to $2 trillion.[citation needed]

On December 21, 2012, President Obama announced the appointment of El-Erian as the chair of the president's Global Development Council, leading the council in its role of informing and providing advice to the president and other senior U.S. officials on global development policies and practices.

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