Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Company, is adding another title to his business card.

That’s because President Barack Obama last week appointed El-Erian as Chair, President’s Global Development Council, which was established in February to “inform and provide advice to the President and other senior U.S. officials on U.S. global development policies and practices, support new and existing public-private partnerships, and increase awareness and action in support of development by soliciting public input on current and emerging issues in the field of global development.”

Richard Blum, chairman of private equity firm Blum Capital Partners, was also appointed as a member of the President’s Global Development Council

“These dedicated and accomplished individuals will be valued additions to my administration as we tackle the important challenges facing America,” stated President Obama.



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