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Mohamed El-Erian, known for his widely followed views on the financial markets, will embark on a new adventure next year when he will take over Queens College in Cambridge.
The chief economic adviser at Allianz will succeed Lord John Eatwell in October 2020, according to a Reuters report.
CNBC solicited comments from El-Erian, Queens & # 39; and Allianz.
El-Erian, 60, is a former student of the institution. He received a scholarship to study economics in 1977 and finally graduated with exceptional honors. He has been an honorary member of this establishment since 2013.
After a high-level career at Allianz's Pimco, which operated the largest bond fund in the world, he then worked for Allianz since 2014. He will continue to work with this company. The appointment of Queens takes effect. A manager from Allianz said that El-Erian would then be welcome to stay to the extent that he could handle his academic duties.
"We hope that Mr. El-Erian will continue to contribute to the work and success of Allianz, a company to which he has been affiliated since 2000," said Allianz in a statement.
Over the course of his career, his views have become an integral part of CNBC and other business media. During the financial crisis, he coined the term "new normal" to describe what he foresaw as a prolonged period of slow growth for advanced economies.
His professional career began at the International Monetary Fund and Harvard endowment fund manager before moving to Pimco.
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