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Richard Clarida

Global Strategic Advisor


Dr. Clarida is a managing director in the New York office and PIMCO's global strategic advisor. On 16 April 2018, President Trump nominated Dr. Clarida to become the next vice chairman of the U.S. Federal Reserve. The U.S. Senate must confirm the appointment before it becomes official. Since joining PIMCO in 2006, Dr. Clarida has assessed and analyzed global monetary and fiscal policy trends to inform the firm’s investment process, and he has also worked extensively with and served as a trusted adviser to the firm's many central bank and sovereign wealth fund clients. Prior to joining PIMCO, he gained extensive experience in Washington as assistant Treasury secretary, in academia as chairman of the economics department at Columbia University where he continues to teach, and in the financial markets at Credit Suisse and Grossman Asset Management. He has 20 years of investment experience and holds a Ph.D. in economics from Harvard University. He received his undergraduate degree with Bronze Tablet Honors from the University of Illinois.