Ben Bernanke, Gordon Brown join Pimco advisory board

Former Federal Reserve chairman Ben Bernanke and former U.K. Prime Minister Gordon Brown are among five members of a new board formed to advise Pacific Investment Management Co. on economic and political issues.

The firm, commonly known as Pimco, said the new advisory board would meet several times a year.

The members include New America CEO Anne-Marie Slaughter, also a former Princeton professor and author; Ng Nok Song, former chief investment officer of the Government of Singapore Investment Corp.; and Trilateral Commission European group chairman Jean-Claude Trichet, also former president of the European Central Bank.

“Sharing insights on how global macroeconomic and geopolitical policy affects markets and investments is an important part of the value we bring to investors as stewards of their assets, so our clients will benefit greatly from the experience and insight the Global Advisory Board will provide to us,” Pimco CEO Douglas Hodge said in a statement.

The appointments come as Pimco is realigning its corporate identity in the wake of the 2014 ouster of controversial investment manager Bill Gross.

Gross, often called the Bond King, has since sued Pimco over the circumstances surrounding his exit.

Follow Paste BN reporter Nathan Bomey on Twitter @NathanBomey.