Georgetown’s McDonough School of Business has appointed Jay Jacobs (MBA’98), outgoing president and managing director of PIMCO, as a Distinguished Global Fellow. He will begin his three-year appointment with the Georgetown Center for Financial Markets and Policy and the Global Social Enterprise Initiative in January 2018.
The Distinguished Global Fellows Program connects individuals who are prominent in their fields with students, faculty, and staff to enrich the academic experience, provide mentorship opportunities, build partnerships in the public and private sectors, and to further engage with the global business community.
“As an alumnus, it is no wonder Jay’s professional and personal accomplishments align so well with our mission,” said Rohan Williamson, interim dean of the McDonough School of Business. “He will bring to McDonough the right mix of global leadership experience, depth of financial acumen, and commitment to service as we continue to build upon excellent initiatives like the Center for Financial Markets and Policy and the Global Social Enterprise Initiative.”
Jacobs has been at PIMCO, a global investment firm that manages more than $1.5 trillion in assets on behalf of millions of investors worldwide, for 19 years. He was promoted to managing director in 2006 and was elected by his fellow partners as the firm’s president in 2014. He has held multiple senior management roles at the firm, including serving as head of the firm’s Munich office and its German business and as a senior member of the European management team. He has 23 years of investment experience and is a Chartered Financial Analyst charterholder. Additionally, he serves as a member of the board of the PIMCO Foundation. Jacobs recently announced he would retire from PIMCO at the end of September 2017, while remaining an advisor to PIMCO’s CEO, Emmanuel Roman, through at least September 2018.
Together with his wife, Kelly, he is an active supporter of educational and children’s causes. He currently serves on the Board of Advisors of Georgetown’s McDonough School of Business and is a member of the Board of Trustees of Washington University in St. Louis. At the age of 24, Jacobs was elected the youngest trustee in the history of Central Methodist University, where he served for eight years. The Jacobs family also is involved with the Boys and Girls Clubs, and Ronald McDonald House – Orange County as well as the Thompson Center for Autism and Neurodevelopmental Disorders at the University of Missouri – Columbia.
In addition to his role at PIMCO, Jacobs serves in a non-executive role as the president of his family-owned community bank in Fayette, Missouri, the fourth generation of his family to serve in this capacity. He also recently was named to the Board of Directors of The Peterson Institute for International Economics in Washington, D.C. He holds a bachelor’s degree in economics from Washington University in St. Louis and an MBA from Georgetown McDonough.