Former Bank of Canada governor Mark Carney is joining an advisory board for the Pacific Investment Management Co.
PIMCO chief executive Emmanuel Roman says the California-based investment manager sought Carney for its global advisory board because of his extensive experience as an economist and central banker.
The board he joins is comprised of seven members including former U.S. Federal Reserve chairman Ben Bernanke, former U.K. prime minister Gordon Brown and Jean-Claude Trichet, the ex-president of the European Central Bank.
Carney is also serving as the UN special envoy on climate action and finance, vice-chairman and head of environmental, social and governance and impact fund investing at Brookfield Asset Management, which has its headquarters in Toronto.
Carney was the Bank of Canada governor from 2008 to 2013, before landing the same role at the Bank of England, which he recently left.