Ex-PM Gordon Brown takes role at global investment firm Pimco


Former prime minister Gordon Brown has taken on a job at a global investment firm.

The ex-Labour leader will advise Pimco on economic and political issues, the company announced.

Mr Brown is expected to attend several meetings a year at the company's Newport Beach office in California as well as an annual forum to discuss the global economic outlook.

The former premier announced last year that he was bowing out of Westminster politics at the May election and would instead focus on charity work and his role as a United Nations envoy.

In his new role, he will join four other economic experts on the global advisory board, including Ben Bernanke, former US federal reserve chairman.

Dan Ivascyn, Pimco's group chief investment officer, said: "The global advisory board is an unrivalled team of macroeconomic thinkers and former policy makers, whose insights into the intersection of policy and financial markets will be a valuable input to our investment process."