CNBC, Released on 3/13/23
Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins ‘Squawk Box’ to discuss his thoughts on the backstop provided to SVB, if other banks will have similar issues as SVB, and much more.
Mohamed El-Erian is the President of Queens College, Cambridge and the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His latest book is The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.