Robert C. Pozen was formerly Chairman of MFS Investment Management®, which manages over $300 billion in assets for over five million investors worldwide. This represents an increase of more than 100% from the beginning of 2004, when Bob was named Chairman. He serves as a Senior Lecturer at the Harvard Business School and a Senior Research Fellow at the Brookings Institution.
In late 2001 and 2002, Bob was a member of President Bush’s Commission to Strengthen Social Security. He later developed a progressive plan for reducing by half the long-term deficit of Social Security -- slowing the benefit growth for high earners, while preserving the benefit schedule for low earners. His plan was endorsed by President Bush, and was included in a series of memoranda to President Obama from the Progressive Policy Institute (eds. W. Marshall and M.Ribbing, January 2009). His plan was more recently endorsed by the editorial boards of both the Wall Street Journal and the Washington Post.
In 2003, Bob served as Secretary of Economic Affairs for Massachusetts Governor Mitt Romney. He helped the Governor close the state’s large budget gap and reorganize its functions in business and technology, labor and workforce training and consumer affairs. In addition, he supervised the banking and insurance departments.
In 2002-2004, Bob was also the John Olin Visiting Professer at Harvard Law School. In 2007-2008, he served as chairman of the SEC's advisory committee on improving financial reporting.
Bob was formerly Vice Chairman of Fidelity Investments and President of Fidelity Management & Research Company, the investment advisor to the Fidelity mutual funds. During Bob’s five years as President, Fidelity’s assets increased from $500 billion to $900 billion. From 1987 to 1996, Bob was Managing Director and General Counsel of Fidelity Investments. In that role, he created Fidelity’s Charitable Gift Fund, launched Fidelity’s entry into the Japanese mutual fund business, and served as a director of its credit card bank.
Before joining Fidelity, Bob was a partner at the Washington, D.C., law firm of Caplin & Drysdale, where he led the banking/securities department from 1981 to 1986. Prior to that, Bob was Associate General Counsel to the Securities & Exchange Commission from 1978 to 1980. Bob also was a law professor at Georgetown and New York University from 1973 through 1977.
In 1968, Bob graduated summa cum laude and Phi Beta Kappa from Harvard College, which awarded him a Knox Traveling Fellowship. In 1972 Bob received a law degree from Yale Law School, where he served on the editorial board of the Yale Law Journal. In 1973, he received a JSD from Yale for his doctoral thesis on state enterprises in Africa.
Bob is an outside director of Medtronic, Inc, and Nielsen, Inc. He is also an outside director of several funds managed by AMC, a subsidiary of the World Bank investing in Africa and Latin America. In addition, he is a member of the governing board of a non-profit organization, the Commonwealth Fund. He is a fellow of the American Academy of Arts and Sciences and a member of the Council on Foreign Relations.
Bob has published on a wide variety of subjects, including opinion pieces in The Wall Street Journal, The Washington Post, The New York Times, and Financial Times. In particular, he authored the first textbook comparing the regulation of banks to other financial institutions, the main textbook on asset managers, The Fund Industry: How Your Money is Managed (Wiley, 2011), and a popular book in response to the recent financial crisis entitled Too Big To Save? How to Fix the US Financial System (Wiley, 2009). Bob's latest book, EXTREME PRODUCTIVITY ( Harper Collins, 2012 ) was named the third best business book of 2012 by Fast Company.
Born in 1946, Bob lives in Boston, Massachusetts with his wife Liz, a psychotherapist and figurative artist. They have two adult children, Joanna and David.