Leaving PIMCO.com

You are now leaving the PIMCO website.

Skip to Main Content

Global Advisory Board

PIMCO's Global Advisory Board brings together world-renowned experts in economic and political affairs, including Gordon Brown (who serves as Chair), Janet Yellen, Joshua Bolten, Michèle Flournoy, and Raghuram Rajan. They offer invaluable insights on global developments and their impact on financial markets, serving as a vital part of PIMCO’s investment process.

Meeting several times a year at PIMCO’s Newport Beach headquarters and other offices worldwide, the Board actively participates in the Secular and Cyclical forums, where PIMCO’s investment professionals discuss the economic outlook and its market implications. During these forums, they share their perspectives alongside distinguished guest speakers, enriching the conversations that shape PIMCO’s global economic outlook and investment strategies.

Global Advisory Board Members

Gordon Brown

Former UK Prime Minister and Former Chancellor of the Exchequer

Dr. Brown was Prime Minister of the United Kingdom from June 2007 to May 2010. Previously Dr. Brown served as Chancellor of the Exchequer from 1997 to 2007, becoming the longest-serving holder of that office in two centuries. He holds a Ph.D. in history from the University of Edinburgh and before entering Parliament was a lecturer. He has authored a number of books and since leaving government, he has been the United Nations Special Envoy for Global Education and chaired the Global Strategic Infrastructure Initiative of the World Economic Forum.
Gordon Brown

Janet Yellen

Former U.S. Secretary of the Treasury and Former Chair of the Federal Reserve

Janet L. Yellen served as 78th Secretary of the Treasury from 2021 through 2025. Previously, she was a Distinguished Fellow in Residence at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. She also served as Chairman of the Board of Governors of the Federal Reserve System from 2014 through February 2018, Vice Chair of the Board of Governors from 2010 to 2014 and president and chief executive officer of the Federal Reserve Bank of San Francisco from 2004 to 2010. Dr. Yellen previously served as a member of the Board of Governors of the Federal Reserve System from August 1994 through February 1997, whereupon she was appointed by President Bill Clinton to serve as chair of the Council of Economic Advisers, a post she held until August 1999. Dr. Yellen has written on a wide variety of macroeconomic issues, specializing in the causes, mechanisms, and implications of unemployment. She began her career as an assistant professor at Harvard University and then served as an economist with the Federal Reserve’s Board of Governors before joining the faculty of the London School of Economics in 1978. In 1980 she joined the faculty of the University of California at Berkeley, where she was named the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics, and where she is currently a professor emeritus. Dr. Yellen graduated from Brown University in 1967 and received her PhD in economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, honorary degrees from Brown, Bard College, NYU, the London School of Economics and Political Science, the University of Warwick, Yale, the University of Michigan and the University of Pennsylvania. She is a member of the Council on Foreign Relations and the American Academy of Arts and Sciences and has served as President of the American Economic Association and the Western Economic Association and a fellow of the Yale Corporation. She is a Distinguished Fellow of the American Economic Association.

Joshua Bolten

President and CEO of the Business Roundtable and Former White House Chief of Staff

Joshua Bolten is the President and Chief Executive Officer of the Business Roundtable in Washington, an association of CEOs of leading U.S. companies. Between 2011 and 2016, he was a Managing Director of Rock Creek Global Advisors, an international economic policy advisory firm he co-founded. Mr. Bolten served in the White House under President George W. Bush as Chief of Staff from 2006 until 2009, Director of the Office of Management and Budget from 2003 until 2006 and prior to that, Deputy Chief of Staff for Policy. Mr. Bolten received an undergraduate degree from Princeton University and a law degree from Stanford University.
Joshua Bolten

Michèle Flournoy

U.S. Defense Policy and National Security Expert and Former U.S. Under Secretary of Defense for Policy

Michèle Flournoy is Co-Founder and Managing Partner of WestExec Advisors, and former Co-Founder and Chief Executive Officer of the Center for a New American Security (CNAS), where she currently serves on the board. She served as the Under Secretary of Defense for Policy from 2009-2012. She was the principal advisor to the Secretary of Defense in the formulation of national security and defense policy, oversight of military plans and operations, and in National Security Council deliberations and represented the Department in dozens of foreign engagements. In 2007, Ms. Flournoy co-founded CNAS, a bipartisan think tank dedicated to developing strong, pragmatic and principled national security policies. She served as CNAS’ President until 2009, and returned as CEO in 2014. In 2017, she co-founded WestExec Advisors, a strategic advisory firm. She served in the Clinton Administration as Principal Deputy Assistant Secretary of Defense for Strategy and Threat Reduction and Deputy Assistant Secretary of Defense for Strategy. Ms. Flournoy has edited several books and authored dozens of reports and articles on a broad range of defense and national security issues. She earned a bachelor’s degree in social studies from Harvard University and a master’s degree in international relations from Balliol College, Oxford University, where she was a Newton-Tatum scholar.
Michèle Flournoy

Raghuram Rajan

Former Governor of the Reserve Bank of India and Former Chief Economist at the International Monetary Fund

Dr. Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. Prior to that, he was the 23rd Governor of the Reserve Bank of India from 2013 to 2016, as well as the Vice Chairman of the Board of the Bank for International Settlements from 2015 to 2016. Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006. Dr. Rajan’s research interests range from banking and monetary policy to corporate finance, political economy, communities, and economic development. He has authored and co-authored several books, including “Fault Lines: How Hidden Fractures Still Threaten the World Economy,” for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010, and “The Third Pillar: How Markets and the State Leave the Community Behind,” in 2019. Dr. Rajan has received a number of academic awards, including the inaugural Fischer Black Prize in 2003.
Tell us a little about you to help us personalize the site to your needs.

Terms and Conditions and Privacy Policies

Please read and acknowledge the following:

{{!-- Populated by JSON --}}

Select Your Location


Americas

Asia Pacific

  • Japan

Europe, Middle East & Africa

  • Europe
Back to top