Former Federal Reserve chairman Ben Bernanke has taken a position as a senior adviser at PIMCO.
Bernanke, who was Federal Reserve chair from 2006-2014 prior to being succeeded by Janet Yellen, will join the firm as a senior adviser. The former central bank head, whose comments about a possible end to the Fed's quantitative easing programme prompted the 'taper tantrum' of 2013, will contribute his economic expertise to the firm's investment process. Daniel Ivascyn, group chief executive officer, said: "During his recent participation in two of our quarterly economic forums Dr Bernanke provided significant insights about global macroeconomic issues and monetary policy, and we are ...
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