Fixed income investment management giant PIMCO has added Mark Carney, former Governor of the Banks of England and Canada to its Global Advisory Board.

Carney has recently been appointed as Head of ESG and Impact Fund Investing at Brookfield Asset Management. He is one of the finance and investment industry’s most prominent advocates for climate action, and for sustainable business and investing practices. He currently serves as the UN Special Envoy for Climate Action and Finance, and is the UK Prime Minister’s Finance Adviser for the COP26 UN Climate Change Conference. In July, he co-wrote a letter with David Schwimmer, CEO of the London Stock Exchange Group, advocating for a proposed global coalition of Stock Exchanges that will commit to supporting climate disclosure, in line with the TCFD recommendations. Additionally, he is a member of the Group of Thirty and the Foundation Board of the World Economic Forum.

Emmanuel Roman, PIMCO’s Chief Executive Officer, said:

“Mark’s extensive experience as an economist and central banker, combined with his focus on transforming climate finance, makes him an invaluable addition to this renowned group of thinkers.”

PIMCO’s Global Advisory Board was established over four years ago to provide the firm’s investment professionals with insights on global economic, political, and strategic developments and their relevance for financial markets. It is chaired by former Federal Reserve Chairman Ben Bernanke. Other members include Gordon Brown, former U.K. Prime Minister and former Chancellor of the Exchequer, Ng Kok Song, former Chief Investment Officer of the Government of Singapore Investment Corporation (GIC), Anne-Marie Slaughter, former Director of Policy Planning for the U.S. State Department, Joshua Bolten, former White House Chief of Staff, and Jean-Claude Trichet, former President of the European Central Bank.

Dan Ivascyn, PIMCO’s Group Chief Investment Officer, said:

“The Board continues to be an important part of our investment process, providing unique global insight, and challenging our biases and assumptions, as we pursue the best investment outcomes for our clients around the world.”