Dr. Mohamed A. El-Erian, one of the world’s most influential economic thinkers and the New York Times and Wall Street Journal bestselling author of When Markets Collide, has written a roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis. Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.
Dr. Mohamed A. El-Erian has worked on economic and financial issues in both the public and private sectors. He now pursues a diverse portfolio of activities involving writing, advisory, public speaking, thought leadership and philanthropy.
After attending school in Egypt, France and the United States, Mohamed completed his undergraduate studies in economics at Cambridge University and moved to Oxford where he obtained masters and doctorate degrees in economics. For 15 years, he worked as an international civil servant, rising to the position of Deputy Director at the International Monetary Fund in Washington DC.
About to turn 40 and having never worked in the private sector since a summer job when very young, Mohamed moved to Salomon Smith Barney/Citibank where he was a managing director and head of the emerging markets research team. He was then recruited by PIMCO in 1999 to lead the EM (emerging markets) portfolio management team before spending 2 years as President and CEO of Harvard Management Company, the entity charged with managing the university’s endowment. He returned in December 1997 to PIMCO as CEO and co-chief investment officer, shaping the firm’s investment and business strategies, serving investment clients around the world, and helping to more than double the firm’s assets under management to $2 trillion while wining several investment and managerial awards.
Seeking a better work-life balance, Mohamed stepped down in March 2014 from PIMCO to pursue a more flexible approach. Among his professional activities, he is now the chief economic advisor to Allianz, the corporate parent of PIMCO, and writes regularly, including as a columnist for Bloomberg and a contributing editor at the Financial Times. His two New York Times’ best sellers – the 2008 “When Markets Collide” and the 2016 “The Only Game in Town” – received several awards and accolades, including from The Economist, The Financial Times, and The Independent. For 4 years in a row, he was named by Foreign Policy as one of the world’s top 100 thought leaders. In 2016, Linked-In named him its top “Influencer.”
Mohamed is a widely-recognized thought leader, having been invited to speak at many conferences around the world. He regularly participates in national and multilateral policy deliberations, and is credited with developing the post-global financial crisis concepts of the “new normal” and the “only game in town.” He has won several investment, management and philanthropic awards, including being inducted in the Fixed Income Analysts Society Hall of Fame in 2011 and receiving the Louise Blouin Foundation Creativity Award in 2014, the Ukleja Center’s 2104 Nell and John Wooden Ethics in Leadership Award, the Lifetime Achievement Award from the Egyptian Cancer Network and, in 2015, the Visionary Award from the Washington DC-based Middle East Institute. In April 2018, Mohamed received an award for being one of Investment News’ “Icons and Innovators.”
Mohamed served on various boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics, the IMF’s Committee of Eminent Persons, Pegasus School, St. Margaret’s School, New America, Cambridge in America, the New York’s Fed’s Investor Advisory Committee on Financial Markets, and the Advisory Council of Egypt’s Scientists and Experts. He remains active on the boards of several non-profit think tanks and academic institutions, including the Carnegie Endowment for International Peace (vice-chair) and the NBER (Executive Committee). Since 2014, he has been a member of the panel of judges for the annual Financial Times/McKinsey Business Book of the Year. He has been a member of the Harvard Global Advisory Council.
In February 2017, Richtopia ranked him 23rd in its list of top 100 economists in the world. In both 2016 and 2017, Linked-In recognized him as one of its top 3 “voices” among its “influencers.” In 2017, he was named to Investment New’s list of 20 market “Icons and Innovators.” He has appeared regularly on the Orange County Business Journal’s list of most influential personalities.
Mohamed served as Chair of President Obama’s Global Development Council (2012-2017) and, since 2006, he has been chairing Microsoft’s Investment Advisory Committee. With Sir Harvey McGrath, he co-heads the capital campaign for the university and colleges of Cambridge, and is an honorary fellow of Queens’ College. His philanthropic efforts over the years have emphasized education, health and food security, including large gifts to Cambridge University and the Children’s Cancer Hospital in Egypt. Since 2016, he has been leading the effort at OCSA, the Orange County School for the Arts, to enhance financial support for students from over 200 families with household incomes below the Federal poverty level.
Mohamed loves sports, is a die hard New York Jets and Mets fan.