Former PIMCO President and Managing Director Jay Jacobs begins engagement with Global Social Enterprise Initiative at Georgetown McDonough School of Business
Jay Jacobs, in his appointment as a Distinguished Global Fellow at the Georgetown McDonough School of Business, is now working with McDonough’s Global Social Enterprise Initiative (GSEI) to spark investment in rural communities through a new program, the Rural Opportunity Initiative (ROI).
“I’m very pleased to be part of this talented team of dedicated professionals and to be able to work to make a real difference,” said Jacobs.
ROI involves the U.S. Department of Agriculture (USDA) and three land grant universities: Iowa State University, Mississippi State University, and Purdue University. It is led by GSEI’s Matt McKenna, a former executive of PepsiCo and Keep America Beautiful, who developed a similar program at USDA. ROI promotes the value of rural America and investment in its people, business, and infrastructure.
Also, Jacobs is working with GSEI’s student leaders from across the university as a mentor and advisor on student projects, activities, and new business ventures.
“We’re extremely fortunate to have Jay with us,” said Bill Novelli who, along with Executive Director Leslie Crutchfield, oversees GSEI. “His financial and investment experience are unparalleled, and precisely what we need to advance our concept of business as a force for good,” Novelli continued.
Jacobs recently stepped down as president and managing director of PIMCO, a global investment firm that manages more than $1.7 trillion in assets on behalf of millions of investors worldwide.
About the Global Social Enterprise Initiative (GSEI): As part of Georgetown University’s McDonough School of Business, GSEI delivers world-class education, research and actionable solutions to create lasting social, economic, and environmental impact, based on the belief that business can be a force for good, and that complex societal problems will only be solved by leaders working effectively across sectors – private, public and nonprofit.