Specialist alternative investment shop Investcorp has appointed former Pimco chief executive Mohamed El-Erian to its advisory board.
El-Erian, who is chief economic advisor at Pimco parent company Allianz, has joined Investcorp’s advisory board to provide advice and guidance to the firm, which offers investments to high-net-worth, private and institutional clients.
In his new role, El-Erian (pictured above) will work alongside other board members such as former German deputy foreign minister Pierre Keller, and former managing partner of Lombard Odier, Ana Palacio.
The board is headed up by the firm’s chief executive Mohammed Alardhi and meets annually to discuss its focus on generating value through corporate investment, real estate, alternative investment solutions and credit management.
Alardhi said El-Erian would bring ‘unique insights’ to the firm, which would help deliver its strategy to become one of the world’s leading global alternative investment manager.
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.’