Posted by Natalie Nisco-Frank on June 22, 2016 in Blog
Wildly successful economist, academic, journalist, author and consultant, Dr. Mohamed El-Erian, was no match for his 10-year-old daughter who revealed to him in an astute letter the one job where he wasn’t exceeding expectations: being her dad. This letter poignantly listed 22 milestones, “from her first day at school… to a Halloween parade,” that her father had missed that year due to his demanding work schedule. And just like that, El-Erian went from overseeing the management of almost $2 trillion of assets for PIMCO to co-scheduling a private father-daughter holiday with a very persuasive ten-year-old.
El-Erian was born to an Egyptian family and spent his early years in Cairo, before moving to the United Kingdom. El-Erian recalls the wisdom of his father, Judge Abdullah Ali El-Erian, the Egyptian Ambassador to France and Switzerland, fondly. In one interview, he reminisces about the four newspapers his father would have delivered to the house. "The news may be the news,” his father explained, “but the interpretation of the news varies, and it's very important for you to have an open mindset in order to do well."
Decades later, “well” falls miles short of describing El-Erian's list of accomplishments. With an undergraduate degree from the University of Cambridge and a doctorate in economics from University of Oxford, El-Erian went on to work for the International Monetary Fund, the Pacific Investment Management Company (PIMCO), and served as the President and CEO of Harvard’s Management Company. He has also served as a financial expert on numerous committees and boards ranging from the U.S. Treasury Department to the IMF and authored books on international markets and the economy. His book entitled, “When Markets Collide”, became a Wall Street Journal and New York Times bestseller and received the 2008 Financial Times/Goldman Sachs Business Book of the Year Award. True to his father’s words, he worked as a commentator, financial expert and writer for numerous news outlets, including Bloomberg, the Financial Times, Fox News and CNN.
Currently, Dr. Mohamed serves as Chief Economic Advisor at Allianz and is the chairman of President Obama’s Global Development Council. These part-time positions allow him the time to experience “those big and little moments that make up each day,” making his daughter, we expect, quite happy.
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