Gramercy names El-Erian as chairman

Gramercy Funds Management has named Mohamed A. El-Erian to the newly created position of chairman. El-Erian joined Gramercy as an investor and senior advisor in April 2019, focusing on global macroeconomics and their impact on emerging market investments. "Over the last year, Mohamed has made a material contribution to our business," said Gramercy Managing Partner and CIO Robert Koenigsberger. "In this new role, he will further help ensure that Gramercy realizes its mission of having a positive impact on the well-being of our clients, portfolio investments and team members." El-Erian is currently president-elect of Queens' College, Cambridge University, and chief economic advisor to Allianz. He is perhaps best known as the former CEO and co-chief investment officer of PIMCO from 2007 to 2014, in addition to serving as deputy director at the International Monetary Fund for 15 years and as chairman of President Obama's Global Development Council, among other highlights including overseeing Harvard University's endowment. "I am excited to take on this new role, particularly at a time when we are all looking to navigate the unusual uncertainty caused by the COVID-19 shock," said El-Erian. "Gramercy is exceptionally well positioned to be at the forefront of innovative solutions to the myriad of challenges facing both investors and issuers in emerging markets, impacting the people they serve and employ," he added.

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