Mohamed El-Erian Pimco CEO and Co-CIO

Mohamed El-Erian's name has surfaced as one of the possible successors to International Monetary Fund head Dominique Strauss-Kahn, who was arrested over the weekend on sexual assault charges.

El-Erian, Pimco's CEO and co-CIO, earlier in his career spent 15 years at the IMF.

The Associated Press and CNN are among the media outlets that named El-Erian as one of the possible replacements for Strauss-Kahn. Other potential candidates include Kermal Davis, who is with the Brookings Institution, Mexico central bank governor Agustin Carstens, Montek Singh Ahluwlia, an economic adviser to Indian Prime Minister Manmohan Singh and Stanley Fischer, governor of Israel's central bank.

This is not the first time that El-Erian's name was linked to the top job at the IMF.

"Emerging market countries have tried to break Europe's hold on the job during the past two succession battles," Reuters reports. "Egypt twice nominated Mohamed El-Erian, now co-chief executive of PIMCO, the world's largest bond fund, and Russia nominated former Czech central banker Josef Tosovsky to head the institution." 

Edited by: Armie Margaret Lee


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