Investcorp adds Allianz top adivsor to advisory board

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London-based alternative investment boutique Investcorp has appointed Mohamed El-Erian to its advisory board.

El-Erian currently serves at Allianz as chief economic advisor and chair of the firm’s international advisory board.

Formerly, El-Erian has been CEO and co-chief investment officer of Pimco from 2007 to 2014. He joined the manager in 1999 to head its emerging market business.

Another role in his career has been that of chairman of the US government’s global development council under Barack Obama’s presidential mandate. Other positions he held include deputy director of the International Monetary Fund and CEO and President of the Harvard Management Company.

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. It is a privilege to have been invited to join its advisory board and I am excited about being part of the next stage of the firm’s growth.”

Mohammed Alardhi, executive chairman of Investcorp, added: “It is an honour to welcome Mohamed onto our advisory Board. As one of the most respected voices on the international financial and economic stage, Mohamed brings with him unique insights that will benefit Investcorp as we deliver on our strategy to become one of the world’s leading global alternative investment firms.

“The combination of his unrivalled experience in leading financial institutions such as Pimco and Allianz, his in-depth understanding of global markets, and his connectivity around the world will provide the firm with additional guidance as it continues on its transformation journey.”

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