NEWPORT BEACH, CALIF. — PIMCO has announced Dr. Ben Bernanke, former Chairman of the Federal Reserve, as a senior advisor to the firm. Bernanke will utilize his economic expertise to advise the firm throughout the investment process. He will also engage with PIMCO’s clients from time to time.
Bernanke served a 14-year term as a member of the Federal Reserve Board of Governors. He spent eight of those years as Chairman of the Board. Bernanke maintained a seat on the Financial Stability Oversight Board, which oversaw the Troubled Asset Relief Program, throughout his two terms as Chairman.
Bernanke was succeeded as Chairman of the Federal Reserve by Janet Yellen, the first woman to hold the position. She overtook the role on Jan. 6 of last year.