Mohamed El-Erian—once the heir apparent at Pimco—told CNBC on Tuesday he has no plans to go back to the investment firm now that co-founder Bill Gross has left.
Asked if he'd want his old job back, El-Erian said in a "Squawk Box" interview: "No, I'm really happy with my life." He added that he was surprised that Gross left Pimco, where they had shared the leadership of the investment giant and its investment strategies.
Gross had faced increasing pressure at Pimco and heavy outflows from its flagship bond fund after El-Erian himself abruptly bolted in January. El-Erian has said he left to spend more time with his family, but his leaving raised questions about strained relations with Gross.
"What I wasn't surprised about .... there was a very solid team to step in," said El-Erian, who is now chief economic advisor at Pimco-parent Allianz of Germany. "We have a couple of Morningstar manager-of-the-year winners. You have incredible people who have delivered performance. You have great leadership."