Mohamed Aly El-Erian (Egyptian Arabic: [mæˈħæmmæd
elʕeɾˈjæːn]; born August 19, 1958) is an Egyptian American
businessman. He is chief economic adviser at Allianz, the corporate
PIMCO where he served as CEO and co-chief investment officer
(2007-2014). He served as 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.
Since 2014, he has served 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 4 years in a row as one of Foreign Policy's "Top 100 Global
Thinkers," he has written two New York Times Best Sellers, 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
1 Early life and education
5 External links
Early life and education
El-Erian was born in
New York City
New York City on August 19, 1958 to an Egyptian
father and a French mother. Shortly after his birth, the family moved
to Egypt, where El-Erian spent some of his early childhood along with
short periods in Europe where his father attended meetings of the UN
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, where El-Erian's father was the Egyptian Ambassador to
After attending St John's School, Leatherhead, a boarding school in
the United Kingdom, gaining an entrance scholarship to Queens'
Cambridge and receiving a first class honors undergraduate
degree in economics, he obtained master's and doctorate degrees in
Oxford University. In June 2011, El-Erian received an
honorary doctorate degree from the American University in Cairo.
Following a Governing Body decision, he was admitted in December 2013
as an Honorary Fellow of Queens' College, Cambridge.
El-Erian has served on the board of trustees of several educational
institutions, including Pegasus, St. Margaret School.
America and KAUST. He co-chairs the capital campaign for Cambridge
After his studies at Cambridge, El-Erian settled in the US in 1983,
taking a position at the
International Monetary Fund
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
After a stint at
PIMCO as a managing director and head of the emerging
market portfolio team, he was appointed CEO and President of Harvard
Management Company, the entity that manages Harvard's endowment and
related accounts. He served as a member of the faculty of Harvard
Business School. He is currently a member of the Harvard Global
Advisory Council. He 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 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.
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.
On January 21, 2014, El-Erian resigned from
PIMCO as of mid-March 2014
after receiving a letter from his daughter outlining important events
in her life that he missed. He remains a member of the parent
company's (Allianz) international executive committee, chairs its
International Advisory Committee, and is an advisor to the management
El-Erian has published widely on international economic and finance
topics. He is a member of the
Financial Times "A-List" of writers,
has a monthly column in Foreign Policy and is a contributing editor at
the FT. He is also a regular op-ed contributor to Project
Syndicate. His columns have appeared in The Atlantic, Bloomberg,
The Economist, "Business Insider", Financial Times, Fortune, Newsweek,
The Wall Street Journal, The Washington Post, The Financial Express,
and other outlets. He is a columnist for Bloomberg. His first book
When Markets Collide was a New York Times and Wall Street Journal
bestseller. The book won the
Financial Times and Goldman Sachs
Business Book of the Year Award in 2008, was named a book of the
year by The Economist, and called one of the best business books
of all time by The Independent. His second book, The Only Game in
Town: Central Banks, Instability, and Avoiding the Next Collapse, was
also a New York Times bestseller.
El-Erian was named to Foreign Policy's list of Top 100 Global Thinkers
four years in a row: for 2009, 2010, 2011, and 2012.
He appears regularly on CNN, CNBC, and Bloomberg as well as other
In April 2013, Foreign Policy named him as one of the 500 most
powerful people on the planet. In 2017, he again was listed on
Worth's "power 100." He was inducted into the Fixed Income Analysts
Society Hall of Fame on April 14, 2011. In 2011, 2012, and 2013,
he was included in Investment Advisor's annual IA 25 list
honoring the most influential people in and around the advisor
community. In December 2012, Marketwatch named him one of
"30 leaders who will set the agenda in 2013" – the
publication's annual list of the people who will shape economic
currents in the coming year. In September 2013, he was recognized
as the Capital Markets Personality of the Year by Africa Investor, an
international investment and communications group that publishes a
leading magazine for Africa's investment decision makers.
Worth Magazine, a publication focused on high-net-worth individuals,
named El-Erian to its Power 100 list – "The 100 Most Powerful
People in Finance" – in 2011, 2012,, 2013, 2016 and
2017. In September 2012, he was given the Creative Leadership
Award by the
Louise Blouin Foundation. In February 2014, the Ukleja
Center honored him with the 2014 Nell and John Wooden Ethics in
Leadership award. In July 2014, the Egyptian Cancer Network gave him
the Lifetime Achievement Award for his support of cancer treatment and
cures for children in Egypt. In November 2015, The Middle East
Institute in Washington DC honored him with their Visionary Award. The
award recognizes outstanding leadership in international economic and
financial policy, melding creativity and vision with expertise to
promote global prosperity.
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.
El-Erian has served on several boards and committees, including the
U.S. Treasury Borrowing Advisory Committee, the International Center
for Research on Women, the IMF's Committee of Eminent Persons, and the
Peterson Institute for International Economics. He is currently a
board member of the
Carnegie Endowment for International Peace
Carnegie Endowment for International Peace (Vice
Chair), the NBER(Executive Committee), Co-chair of the Capital
Campaign for the University and Colleges of
America. On March 18, 2015, El-Erian was admitted as Companion of the
Guild of Benefactors,
Cambridge University. He is also a board member
of New America, King Abdullah University of Science and Technology
(KAUST) and The Pegasus School. Since 2007, he has served as chair of
the Microsoft Investment Advisory Committee. He is also a member of
the Council on Foreign Relations and serves on the international
advisory committees of
Allianz and Investcorp. He is a member of
the Council of Foreign Relations.
His philanthropic efforts over the years have emphasized education and
health, including major gifts to the Children's Cancer Hospital in
Egypt as well as the
University of Cambridge
University of Cambridge and Queens' College. In
October 2015, it was announced that, together with funding for
studentships and new faculty positions, the El-Erian Institute for
Human Behavior and Economic Policy would be established in partnership
Queens' College and the Faculty of Economics at Cambridge. The
work of the institute will look to appropriately combine economics and
finance with neuroscience, psychology, politics and behavioral finance
to better understand how people actually make decisions rather than
how narrow theory assumes they will.
El-Erian is a widely recognized thought leader and is credited with
developing the post-global financial crisis concept of the "New
Normal". Having first come up with the concept in January 2009 and
after discussions with PIMCO, he wrote about it in May 2009
and presented it in several forums, including as the 2010 Per
Jacobsson Foundation Lecture in Washington D.C. He has published
numerous articles and commentaries on topics related to the New
Normal, the sovereign debt crisis in Europe, the
transformative changes occurring in the Middle East, and other
matters related to the global economy, policy and markets
El-Erian has spoken at many universities, public institutions and
other organizations, including the University of California, Irvine,
the New York Public Library, the University of Southern California,
Cambridge, Oxford, the Newport Beach Public Library, the BIS, CFA
Society of Chicago, HSBC, Barclays Bank, the UK Parliament’s House
of Lords, SALT, Rand Merchant Bank, Marcus Evans, Mortgage Bankers
Association, Insurance Bureau of Canada, World 50, and the 92nd Street
Y. He has also and the 92nd Street Y. He has also spoken at CFA,
FT, and Economist conferences. In November 2007, El-Erian was the
series kick-off speaker of the
MIT Egyptian Club. In 2010, he
delivered the Per Jacobsson Foundation Lecture in Washington, D.C.
In 2012 he was chosen to present the Homer Jones Memorial
Lecture at the Federal Reserve Bank of St. Louis. In
October 2012, he delivered the keynote Bagehot at The Economist's
Buttonwood Gathering in New York. In November 2013, he delivered the
luncheon speech at the IMF's Annual Research Conference that also
featured Ben Bernanke, Olivier Blanchard, Stanley Fischer, Ken Rogoff,
and Larry Summers. In October 2014, he spoke at
HSBC and RBS. He
participated in the international symposium of the Banque de France.
He was also the keynote speaker at the 2014 CME Conference along with
Ben Bernanke and Colin Powell. He has also spoken before the
Economic Club of Canada, Soka University, ProBono Economics, Boston
Security Analysts, Rabobank, Citadel, ETF, National Rural Utilities
Cooperative, Cisco, BTG Pactual, Euromoney, NMS, Mortgage Bankers
Association, CME, Rabobank, the Global Financial Forum and many
others. In March 2015 he was a featured speaker at the Egypt Economic
Development Conference in Sharm El-Sheikh, Egypt. He also is a
contributor to LinkedIn's Influencer series and was ranked third on
their top 10 influencers of the year. In November 2015, he
participated in the Fortune CEO Global Summit and was the keynote
speaker at the CFA Society of Chicago. In December 2015, El-Erian
was the keynote speaker at the Information Management Network
Conference in Scottsdale, Arizona.
A relative newcomer to social media, El-Erian was ranked the top
LinkedIn in 2016 and the third top influencer in
El-Erian loves sports, is a die hard Jets fan and has been known to
appear on TV in a Jets jersey.
^ "Times of India". whitehouse.gov. Retrieved 10 August 2014.
Allianz Names El-Erian as Chief Economic Adviser". Bloomberg News.
Retrieved 17 March 2014.
^ "El-Erian: How the markets should read Ukraine's crisis". CNN.
Retrieved 17 March 2014.
^ "Laggard". Foreign Policy. Retrieved 17 March 2014.
^ Bernanke, Ben S. "THE ONLY GAME IN TOWN by Mohamed A. El-Erian".
Kirkus Reviews. Retrieved 2016-01-31.
^ "El-Erian for the Endowment". Harvard Magazine. 2015-07-12.
^ "Commencement Speech : American University in Cairo" (PDF).
June 16, 2011. Archived from the original (PDF) on June 20, 2011.
Retrieved June 21, 2011.
^ "The Road from Tahrir Square to Democracy", Mohamed El-Erian,
Financial Times, February 14, 2011
^ "Obama appoints Indian-American Smita Singh in president's Global
Development Council". Timesofindia.indiatimes.com. 2012-12-22.
^ "High-flying CEO quits after daughter writes list of 22 milestones
he missed". 9News.com.au. 2014-09-25. Retrieved 2017-09-26.
^ "The A-List Must-read views on today's top news stories".
Blogs.ft.com. Retrieved 2011-08-18.
^ "Mohamed A. El-Erian". Project Syndicate. Retrieved
^ "Articles by Mohamed A. El-Erian". Bloomberg View. Retrieved
^ "When Markets Collide - Mohamed El-Erian wins the Financial Times
and Goldman Sachs Business Book of the Year Award 2008". Goldman
Sachs. October 14, 2008. Retrieved 2011-08-18.
^ "Books of the year: Pick of the pile". The Economist. December 4,
2008. Retrieved 2011-08-18.
^ "The best business books of all time". The Independent. 13 December
2008. Retrieved 2011-08-18.
^ "Foreign Policy's First Annual List of the 100 Top Global Thinkers".
Foreign Policy. December 2009. Archived from the original on
2011-05-14. Retrieved 2011-08-18.
^ "Foreign Policy's Second Annual List of the 100 Top Global
Thinkers". Foreign Policy. Retrieved 2011-08-18.
^ "The FP Top 100 Global Thinkers". Foreign Policy. Archived from the
original on 2012-06-09. Retrieved 2012-06-15.
^ "The FP Top 100 Global Thinkers". Foreign Policy. 26 November 2012.
Archived from the original on 28 November 2012. Retrieved 28 November
^ "The FP Power Map". Foreign Policy. April 29, 2013. Retrieved
^ "Mohamed El-Erian Speech". Fixed Income Analysts Society. April 14,
2011. Retrieved 2011-08-18.
^ "Who Are the 'Most Influential' People in the Investment Advisory
Business? The 10th Annual IA 25 Reveals Honorees for 2012".
MarketWatch. Retrieved 2012-06-15.
^ Waddell, Melanie. "2012 IA 25". Advisorone.com. Retrieved
^ "Mohamed El-Erian: The 2013 IA 25 Extended Profile". Advisorone.com.
2013-04-29. Retrieved 2013-04-30.
^ "30 leaders who will set agenda in 2013". MarketWatch. 2012-12-06.
^ "Ai Weekly Commentary". Africa Investor. 2013-09-23. Retrieved
^ "Worth Power 100 – The 100 Most Powerful People in Finance".
Worth. Retrieved 2013-10-16.
^ "Worth Announces 3rd Annual Worth Power 100: The 100 Most Powerful
People in Finance". Worth. Retrieved 2013-10-16.
^ "The Power 100 The 100 Most Powerful People in Finance". Worth.
Archived from the original on 2013-10-17. Retrieved 2013-10-16.
^ "Ukleja Center for Ethical Leadership". Csulb.edu. Retrieved
^ "Emininent Egyptian American Economist,
Mohamed A. El-Erian
Mohamed A. El-Erian Donates
1 million dollars to Egyptian Cancer Network 57357 and AFNCI".
57357.com. Retrieved 10 August 2014.
^ PR Newswire
^ "Investing in the New Normal". Kiplinger.com. October 19, 2010.
^ "Archived copy". Archived from the original on 2010-07-29. Retrieved
^ "PIMCO's El-Erian Explains The "New Normal"...And It Blows".
Business Insider. 2009-05-13. Retrieved 2017-03-02.
^ "Per Jacobsson Foundation Site Index". Perjacobsson.org. 1999-09-26.
^ El-Erian, Mohamed (February 3, 2011). "Spain is not Greece and need
not be Ireland". Financial Times. Retrieved 2011-08-18.
^ El-Erian, Mohamed (January 17, 2011). "Europe is running fast to
stand still". Financial Times. Retrieved 2011-08-18.
^ El-Erian, Mohamed (February 9, 2011). "Resetting Egypt's economy
The Great Debate". Blogs.reuters.com. Retrieved 2011-08-18.
^ El-Erian, Mohamed (January 31, 2011). "Egypt's Improbable Path
Traces Four Points: Mohamed A. El-Erian". Bloomberg. Retrieved
^ El-Erian, Mohamed (February 22, 2011). "Prepare for a shock from the
Middle East". Financial Times. Retrieved 2011-08-18.
^ El-Erian, Mohamed A. (January 25, 2011). "Davos Moguls Adjust to
Fast, Slow, Reverse: Mohamed A. El-Erian". Bloomberg. Retrieved
^ "Social". Web.mit.edu. 2007-11-26. Retrieved 2011-08-18.
^ Mohaned A. El-Erian (2010-10-10). "The Per Jacobsson Lecture :
Navigating the New Normal in Industrial Countries" (PDF).
Perjacobsson.org. Retrieved 2016-01-31.
^ Mohamed A. El-Erian. "Viewpoints - Evolution, Impact and Limitations
of Unusual Central Bank Policy Activism". PIMCO. Retrieved
^ "Homer Jones - St. Louis Fed". St. Louis Fed. Retrieved
^ "Bernanke, El-Erian, Powell Headline 2014 GFLC".
Openamrkets.cmegroup.com. Retrieved 2016-01-31.
^ "Egypt Economic Development Conference Program". Egyptthefuture.com.
^ "Influencers". Lists.linkedin.com. 2015-12-08. Retrieved
^ "Fortune's must-watch Global Forum conference starts Monday, Nov.
2". Fortune. 2015-11-01. Retrieved 2016-01-31.
^ "Shoulders of Giants – CFA Sociaty Chicago Annual Dinner 2015
Interview with Mohamed El-Erian". Archived from the original on
November 20, 2015. Retrieved November 19, 2015.
^ "Global Indexing & ETFs -> Speakers". Imn.org. Retrieved
^ "2016 New York Jets preview Mohamed El-Erian". Business Insider.
2016-09-06. Retrieved 2017-03-02.
(2016) The Only Game in Town: Central Banks, Instability, and Avoiding
the Next Collapse, Penguin Random House. ISBN 9780812997620.
(2008) When Markets Collide: Investment Strategies for the Age of
Global Economic Change, McGraw-Hill Professional.
Column archive at Project Syndicate
Mohamed A. El-Erian
Mohamed A. El-Erian on Charlie Rose
Mohamed A. El-Erian
Mohamed A. El-Erian on IMDb
Works by or about
Mohamed A. El-Erian
Mohamed A. El-Erian in libraries (
"Inside the Showdown Atop Pimco, the World's Biggest Bond Firm" by
Gregory Zuckerman and Kirsten Grind
CNBC with El-Erian
"Making the grade: Face to Face with Harvard's Mohamed El-Erian,",
Douglas Appell, Pensions & Investments, September 3, 2007
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