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Former Chancellor's new role

Osborne in big money league as fund adviser

George Osborne commons 1The former Chancellor, George Osborne, is expected to earn “hundreds of thousands of pounds” as a part-time adviser to BlackRock, one of the world’s biggest asset managers.

He will be part of the team at the BlackRock Investment Institute where he will provide perspectives on European politics, Chinese economic reform, and market trends to the group’s fund managers.

It is not clear how much he will be paid, but sources have claimed he will earn “at least” hundreds of thousands of pounds annually.

Mr Osborne, who left his post following the Brexit decision last June, said: “BlackRock wants better outcomes for pensioners and savers – and I want to help them deliver that.

“It’s a chance for me to work part time with one of the world’s most respected firms and a major employer in Britain.”

His new role will see him reunited with his former top economic adviser, Rupert Harrison, who took on a senior position with the company last year.

The former Chancellor is understood to have been recruited by Larry Fink, Blackrock’s chairman and chief executive.

 



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