Jay Jacobs, former President and Managing Director of global investment management firm PIMCO, has been elected a Trustee of the Howard Hughes Medical Institute (HHMI), a private biomedical research institution. His appointment will begin on November 1, 2024.

Jacobs brings to this role over 30 years of experience in the financial sector and as a member – and chair – of numerous boards across finance and academia. During his nearly 20 years at PIMCO, he held a range of senior management roles in both the United States and Europe. He presently serves on the board of directors of Commercial Trust Company in Fayette, Missouri, where he is chair, and the board of trustees of Central Methodist University. His prior board service includes Citigroup, Washington University in St. Louis, the Peterson Institute for International Economics, and the board of advisors at the McDonough School of Business at Georgetown University.

Jacobs received his undergraduate degree in economics from Washington University in St. Louis and his MBA from Georgetown University. In 2014, Washington University awarded him its Distinguished Alumni Award, and he was honored by the Georgetown Wall Street Alliance in 2016 for distinguished service in the field of finance. He has been a Chartered Financial Analyst charterholder since 2000.

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HHMI is a private biomedical research institution. Our scientists make discoveries that advance human health and our fundamental understanding of biology. We also invest in transforming science education into a creative, inclusive endeavor that reflects the excitement of research. Earlier this year, HHMI announced AI@HHMI, a $500 million investment over the next 10 years to support artificial intelligence-driven projects in the life sciences. HHMI’s headquarters are located in Chevy Chase, Maryland, just outside Washington, DC.