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George Osborne to join BlackRock

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Former Chancellor George Osborne is set to join BlackRock, according to Sky News.

The position with the BlackRock Investment Institute would see him join his former economic adviser Rupert Harrison.

According to the Sky News report chief executive Larry Fink personally recruited Osborne.

While Osborne is still able to serve as an MP while serving in the role it is likely to fuel speculation that he may be preparing to leave politics.

BlackRock is one of the investment managers to have paid Osborne lucrative sums for speeches since he left his role as Chancellor.

The MPs register of interest shows he had been paid £34,100 by BlackRock, £142,000 by JP Morgan and £51,000 by Aberdeen Asset Management.

Blackrock’s Investment Institute is its internal investment research network on macroeconomics providers to its fund managers.

A source told Sky that they expected Osborne’s annual remuneration to be “at least” hundreds of thousands of pounds.

Blackrock could not be reached for comment.

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Comments

There are 6 comments at the moment, we would love to hear your opinion too.

  1. Really?? So they’ve hired someone who proved not only to be incompetent but who pedalled shameless untruths when he was supposed to act in a responsible and fair manner. That’s another fund house off the list.

  2. Better sell my Black Rock funds then if this idiot is helping their research.

    • I’m not sure I would do that quite yet. They do have one or two other, perhaps more gifted, researchers, analysts and fund managers as well . . . they haven’t become the biggest by pure luck . . .

  3. Of course, politics and Global Multi Nationals are not at all intertwined or incestuous.

    I guess it just goes to show, that if you prove yourself incompetent and fail spectacularly, you’ll get hired and paid silly amounts of money, because your “friends” are in the right places.

    No Blackrock on our CIP…

  4. Christine Brightwell 23rd January 2017 at 12:51 pm

    Maybe he is making the tea? Very expensive tea?

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