Former Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.
Joining other prominent officials in the world of economics and finance, Yellen, who also served as Federal Reserve chair, will serve on the board that meets several times a year, according to the report from Leslie Picker.
The advisory board members’ mission, according to the Pimco website, is to “contribute their insights to the firm on global economic, political and strategic developments and their relevance for financial markets.”
Current members include Gordon Brown, the former UK prime minister; ex-White House chief of staff Joshua Bolten; Michèle Flournoy, former defense policy advisor under two U.S. presidents, and Raghuram Rajan, an economist and former governor for the Reserve Bank of India.
In addition, former Fed Chair Ben Bernanke also served as a senior advisor at Pimco, and Richard Clarida, who had served as the central bank’s vice chair, is a managing director in the firm’s New York office.
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