Barclays says ex-PIMCO boss El-Erian to step down from board
Mohamed A. El-Erian, former CEO of PIMCO, will step down from the board of Barclays (BARC.L), the British bank announced on Friday, following his appointment as chair of sportswear brand Under Armour Inc (UAA.N).
LD Web Desk 
El-Erian, a frequent media commentator on markets, finance, and interest rates, rose to prominence in the investing world after a successful tenure at investment management firm PIMCO in the early 2000s overseeing emerging-market bond investments.
El-Erian advised the fund to avoid Argentina's government debt default in 2001. Following a time at Harvard, he returned to PIMCO in 2007 as CEO and co-chief investment officer alongside Bill Gross.
He was appointed chair of the President's Global Development Council by US President Barack Obama in 2012. Barclays also said it has appointed Brian Shea, former CEO of investment services for BNY Mellon from 2014 until his retirement in 2017, as a non-executive director.
