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Global Advisory Board

The PIMCO Global Advisory Board is a team of world-renowned experts on economic and political issues.

The Board members contribute their insights to the firm on global economic, political and strategic developments and their relevance for financial markets. The members of the Board are Gordon Brown (who serves as chair), Joshua Bolten, Michèle Flournoy, and Raghuram Rajan.

The Board meets several times a year at PIMCO’s Newport Beach office as well as at other PIMCO offices around the world. The members also attend the firm’s Secular and Cyclical forums, where PIMCO’s investment professionals discuss the economic outlook and its implications for markets. Board members will share their views, which along with presentations from distinguished guest speakers at the forum, will inform the discussions of PIMCO’s investment professionals. Together, the Board members’ expertise and insights are a valued input to the firm’s investment process.

The Global Advisory Board Is an Unrivaled Team of Macroeconomic Thinkers and Former Policymakers.

Global Advisory Board Members

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

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

Michèle Flournoy

U.S. Defense Policy and National Security Expert, 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.
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