Former Obama economic adviser Gene Sperling has joined the investment firm PIMCO as an economic policy adviser, the firm announced Thursday.
Sperling left his position as director of the National Economic Council last spring to join his family in Southern California.
Now he will work at the Newport Beach-headquartered PIMCO and provide input to the investment committee, work with portfolio managers, and “engage PIMCO’s clients around the world,” according to PIMCO.
“U.S. policy issues have had significant influence on financial markets since the global financial crisis in 2008, and we expect Gene’s policy insights and analysis to be valuable contributions to PIMCO’s investment process,” said PIMCO Group Chief Investment Officer Daniel Ivascyn in a statement announcing the hire.
PIMCO, short for Pacific Investment Management Co., is one of the biggest bond investors in the world.
The 56 year-old Sperling served in the Obama White House as Obama’s top economic policy adviser, and before that as an adviser in the Treasury during the financial crisis.
Previously, he served as a top economic adviser to President Bill Clinton.
