Joachim Fels Will Retire From PIMCO at the End of the Year

PIMCO Hires Richard Clarida as Managing Director and Global Economic Advisor


foto-cedidaRichard H. Clarida began a four-year term as vice chairman of the Board of Governors of the Federal Reserve System in September 2018 and took office as a Board member to fill an unexpired term ending January 31, 2022. He resigned on January 14, 2022. FED.

Authors: Funds Society, Madrid

  1. He will join in October and be based in PIMCO’s New York office
  2. He will work closely with PIMCO’s four key regional portfolio management committee – the Americas Portfolio Committee (AmPC), European Portfolio Committee (EPC), Asia-Pacific Portfolio Committee (APC) and Emerging Markets Portfolio Committee (EMPC)
  3. In his previous tenure at PIMCO from 2006-2018, Mr. Clarida served in a similar role as Global Strategic Advisor and played a key role in formulating PIMCO’s global macroeconomics analysis