Former Chancellor George Osborne just got a job at the world's biggest asset manager
WPA Pool / Poo
As first reported by Sky News' Mark Kleinman, Osborne will join the Blackrock Investment Institute as a senior adviser.
Osborne will provide a "unique and valuable perspective on the issues affecting the world," BlackRock said, according to the Financial Times.
He will also "provide perspective on European politics and policy, Chinese economic reform and trends such as low-yields and longevity and their impact on retirement planning. He will not engage in any lobbying of the British government," the statement from BlackRock said.
Osborne said by taking the role he wants to help the firm achieve its goal of "better outcomes for pensioners and savers."
In joining BlackRock, Osborne will once again be working with his former chief economic adviser Rupert Harrison who is the firm's chief macroeconomic strategist.
Unlike his former boss David Cameron, Osborne remains an MP, serving on the Conservative backbenches as the MP for Tatton in Cheshire.
Osborne's salary for the job is unknown, but according to Sky, it will "be "at least" hundreds of thousands of pounds annually."
- 5 schools in Delhi, 1 in Noida receive bomb threats, searches underway
- Five Olympic 2024 quotas for Indian badminton players
- 127-year-old Godrej Group splits conglomerate between family
- India slashes windfall tax on crude petroleum
- Foreign portfolio investors turn net sellers in Indian stocks this April
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market