Investcorp, a global alternative investment firm, has appointed Mohamed El-Erian to its advisory board.
The ex-PIMCO chief executive and co-chief investment officer is well-known in investment management. He is currently chief economic advisor at Allianz and chair of its international advisory board.
He also served as chairman of the US Government’s Global Development Council during the Obama administration.
He joins Kofi Annan, former Secretary-General of the United Nations; Ana Palacio, the former Foreign Affairs Minister of Spain; and Wolfgang Schüssel, the former Chancellor of Austria, as a board members.
The advisory board offers strategic support to Investcorp.
Last year, the firm announced plans to almost double the size of its private equity investments, from $150 million to $300 million. In real estate, it is looking to move beyond the US and start investing in Europe, as well as experiment with club deals.
“After 30 years we thought, ‘We have the whole infrastructure built, but we need to leverage more of the things that we currently do not,’” Mohammed Alardhi, the firm’s chief executive, told sister publication Private Equity International.