Investcorp, a global provider and manager of alternative investment products, today announced that Dr. Mohamed A. El-Erian, Chief Economic Advisor at Allianz and chair of its International Advisory Board, has been appointed to Investcorp's Advisory Board.

Mr. El-Erian, one of the most high-profile figures in global business and investment, has a distinguished career that includes senior roles in academia, international institutions and the private sector. He joins Investcorp's Advisory Board at a time when the Firm is achieving significant growth driven by an ambitious strategy.

Prior to assuming his current responsibilities at Allianz in 2014, Dr. El-Erian was CEO and Co-Chief Investment Officer of PIMCO (2007-14), the international investment management firm he first joined back in 1999 to lead its emerging market business. He has served as Chairman of the U.S. Government's Global Development Council under President Obama and has held roles including Deputy Director of the International Monetary Fund and CEO and President of the Harvard Management Company. He is currently a contributing editor at the Financial Times, a Bloomberg columnist, and co-chairs the capital campaign for Cambridge University and its Colleges. He serves on a number of non-profit boards, including the National Bureau for Economic Research, the Carnegie Endowment for International Peace and KAUST. The author of two New York Times bestsellers, he has been named one of Foreign Policy's Top 100 Global Thinkers four years in a row.

Commenting on the appointment, Dr. El-Erian said, "Investcorp has a strong track record of over 35 years of being a bridge for Gulf capital investing in assets in the West. While maintaining its Gulf roots, it has been transforming itself into a truly global alternative asset manager with an international client base, a broad range of products, and some of the most talented people in the industry. It is a privilege to have been invited to join its Advisory Board, and I am excited about being part of the next stage of the Firm's growth."

Mohammed Alardhi, Executive Chairman of Investcorp, said, "It is an honour to welcome Mohamed onto our Advisory Board. As one of the most respected voices on the international financial and economic stage, Mohamed brings with him unique insights that will benefit Investcorp as we deliver on our strategy to become one of the world's leading global alternative investment firms."

"The combination of his unrivalled experience in leading financial institutions such as PIMCO and Allianz, his in-depth understanding of global markets, and his connectivity around the world will provide the Firm with additional guidance as it continues on its transformation journey."

Investcorp's Advisory Board is chaired by Mohammed Alardhi, Executive Chairman of the Firm. It meets annually and provides advice and guidance to the Firm. It consists of Kofi Annan, President of the Global Humanitarian Forum and former Secretary-General of the United Nations; Dr. Wolfgang Schüssel, President of the Foreign Policy and United Nations Association of Austria, and former Federal Chancellor and Minister for Economic Affairs of Austria; Ambassador Wolfgang Ischinger, former German Deputy Foreign Minister and Chairman, Munich Security Conference; Global Head of Government Relations and Public Policy for Allianz; Pierre Keller, former Managing Partner of Lombard Odier & Cie; Ana Palacio, former Foreign Minister of Spain and Senior Vice President of International Affairs and Marketing, AREVA; Deepak Parekh, Chairman of India's premier housing finance company HDFC Ltd; and Dr. Otto Schily, former German Interior Minister and a member of the German Bundestag where he serves on the Committee on Foreign Affairs.

About Investcorp

Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in four lines of business: corporate investment, real estate, alternative investment solutions and credit management.

Since its inception in 1982, Investcorp has made over 170 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 400 commercial and residential real estate investments in the U.S., for in excess of $53 billion in transaction value.

Investcorp employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.

About Dr. Mohamed A. El-Erian

Dr. Mohamed A. El-Erian is an Egyptian American businessman and currently Chief Economic Advisor at Allianz and chair of its International Advisory Board, a Financial Times contributing editor, and a Bloomberg columnist.

Dr. El-Erian attended Queens' College, Cambridge, receiving a first class honors undergraduate degree in economics. He obtained his Master's and Doctorate degrees in economics from Oxford University. In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo. He was admitted as an Honorary Fellow of Queens' College, Cambridge University in December 2013. Named by Foreign Policy as a Top 100 Global Thinkers four years in a row, he has written two New York Times Best Sellers: "When Markets Collide" and "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse."

In 1983, he joined the Economist Program at the International Monetary Fund in Washington, D.C.where he rose to become Deputy Director. In 1999, he moved to the private sector, working in Londonat Salomon Smith Barney/Citigroup before joining PIMCO to lead its work on emerging markets.

After working at PIMCO as a managing director and head of the emerging market portfolio team, he was appointed CEO and President of Harvard Management Company in 2005. He served as a member of the faculty of Harvard Business School, returning to PIMCO in 2007 as co-CEO and co-CIO. His philanthropic efforts over the years have emphasized education and health, including major gifts to the Children's Cancer Hospital in Egypt as well as the University of Cambridge and Queens' College.

On December 21, 2012, President Obama announced the appointment of El-Erian as the chair of the President's Global Development Council, leading the Council in its role of informing and providing advice to the President and other senior U.S. officials on global development policies and practices. Dr. El-Erian has served on the Board of Trustee of several educational institutions, including Pegasus, St. Margaret School, Cambridge in America and KAUST, as well as advisory committees for the International Monetary Fund, the New York Federal Reserve and the US Treasury. His other board memberships have included the International Center for Research on Women, New America and the Petersen Institute for International Economics. He currently serves on the boards of the NBER, the Carnegie Endowment, and the OCSA Foundation. He co-chairs the capital campaign for Cambridge University and its Colleges and, since 2007, has been chairing Microsoft's International Advisory Committee.