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Dubbed “one of the sanest voices on Wall Street”, Mohamed El Erian’s top 10 spot will come as no surprise to anyone familiar with his meteoric financial career. As CEO of the US-based Pacific Investment Management Co (PIMCO), home to the world’s largest bond fund, El Erian oversees some $744bn in assets — but still finds time to pen award-winning book. His latest effort, ‘When Markets Collide’, snared the 'FT/Goldman Sachs Business Book of the Year' award last October.
The son of an Egyptian diplomat, El Erian earned his stripes as an economist at the International Monetary Fund, after an Oxbridge education. An early stint at PIMCO in 1999 was interspersed by two years at Harvard Management Company, Harvard University’s $34.9bn endowment fund, among other roles, but the 41-year-old returned to PIMCO last year to take up the investment house’s top job.
Now, with 25 years of investment experience under his belt, he is widely seen as one of the world’s most respected financial and economic analysts.
And El Erian’s influence goes beyond the boardroom. PIMCO was one of four asset managers picked last year by the Obama administration to run a $500bn federal programme to purchase mortgage-backed securities.
The firm also runs the Federal Reserves’ $251bn commercial paper programme that keeps short-term debt flowing to corporate America, making PIMCO essential to the revival of the economy. In terms of influencing the worlds markets, few have more power.
When asked the secret to investment success, El Erian advises independent thinking. “Every morning, we ask ourselves if our views are consistent with the data coming out,” he says. “We don’t rely on what Wall Street tells us.”
The son of an Egyptian diplomat, El Erian earned his stripes as an economist at the International Monetary Fund, after an Oxbridge education. An early stint at PIMCO in 1999 was interspersed by two years at Harvard Management Company, Harvard University’s $34.9bn endowment fund, among other roles, but the 41-year-old returned to PIMCO last year to take up the investment house’s top job.
Now, with 25 years of investment experience under his belt, he is widely seen as one of the world’s most respected financial and economic analysts.
And El Erian’s influence goes beyond the boardroom. PIMCO was one of four asset managers picked last year by the Obama administration to run a $500bn federal programme to purchase mortgage-backed securities.
The firm also runs the Federal Reserves’ $251bn commercial paper programme that keeps short-term debt flowing to corporate America, making PIMCO essential to the revival of the economy. In terms of influencing the worlds markets, few have more power.
When asked the secret to investment success, El Erian advises independent thinking. “Every morning, we ask ourselves if our views are consistent with the data coming out,” he says. “We don’t rely on what Wall Street tells us.”
Please!!
Posted by Abdullah, Riyadh, Saudi Arabia on 6 October 2009 at 03:17 UAE time
I'm Saudi, and I don't think Fayez Al Maliki should make any list here. No disrespect, but he's no where near any influencial status, he's not the best saudi actor, he's not very popular. he's the subject of jokes. it's just that MBC and Rotana keeps enforcing him and other nobodys in our Ramadan after breakfast time! he's not the director, he's not the guy behind this (Prince Al-Waleed)...I'm not sure i'd be interested in reading your lists again if the #10 is a nobody!
Posted by Abdullah, Riyadh, Saudi Arabia on 6 October 2009 at 03:17 UAE time
I'm Saudi, and I don't think Fayez Al Maliki should make any list here. No disrespect, but he's no where near any influencial status, he's not the best saudi actor, he's not very popular. he's the subject of jokes. it's just that MBC and Rotana keeps enforcing him and other nobodys in our Ramadan after breakfast time! he's not the director, he's not the guy behind this (Prince Al-Waleed)...I'm not sure i'd be interested in reading your lists again if the #10 is a nobody!
Need to Know the List
Posted by umar farooq, Lahore, Pakistan on 24 July 2009 at 09:41 UAE time
Must be quite inetersting to know the Power 100
Posted by umar farooq, Lahore, Pakistan on 24 July 2009 at 09:41 UAE time
Must be quite inetersting to know the Power 100
Very interesting
Posted by Sami, Beirut, Lebanon on 22 May 2009 at 19:08 UAE time
I can't deny that I'm a bit surprised with the list... Also surprised that many names are very new to me... But that's a good thing, for then I can search and find out who they are (tried it on some, and it's amazing what people have been achieving)...
But 2 quick remarks:
- Couldn't but be proud to be Lebanese, seeing that 17 names out of the hundred came out of our small country, which is war torn and has one of the lowest populations... I'm just wondering if all our Middle East finds peace, how much can we all achieve!
- One has to still admit that the ratio of men to women is quite high... Although some women made the list, but it's clear that we still live in a society that doesn't give women all the potential to realise themselves...
Great work and I have some more searching to do :)
Posted by Sami, Beirut, Lebanon on 22 May 2009 at 19:08 UAE time
I can't deny that I'm a bit surprised with the list... Also surprised that many names are very new to me... But that's a good thing, for then I can search and find out who they are (tried it on some, and it's amazing what people have been achieving)...
But 2 quick remarks:
- Couldn't but be proud to be Lebanese, seeing that 17 names out of the hundred came out of our small country, which is war torn and has one of the lowest populations... I'm just wondering if all our Middle East finds peace, how much can we all achieve!
- One has to still admit that the ratio of men to women is quite high... Although some women made the list, but it's clear that we still live in a society that doesn't give women all the potential to realise themselves...
Great work and I have some more searching to do :)



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