This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-38696175

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Osborne to join investment giant BlackRock as adviser Osborne to join investment giant BlackRock as adviser
(about 1 hour later)
Former chancellor George Osborne is to join the world's largest fund manager, BlackRock, as an adviser. Former chancellor George Osborne is to join the world's largest fund manager, BlackRock, as a part-time adviser.
Mr Osborne, who starts the role on 1 February, said: "BlackRock wants better outcomes for pensioners and savers - and I want to help them deliver that. He starts on 1 February, providing "perspectives on European politics and policy, Chinese economic reform, and trends..." BlackRock said.
"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." Mr Osborne, whose salary was not disclosed, will remain an MP, but will not be allowed to lobby the government.
Mr Osborne will remain an MP, but will not be allowed to lobby the UK government. He said it was a chance to work with one of the world's most respected firms and a major employer in Britain."
Mr Osborne added: "BlackRock wants better outcomes for pensioners and savers - and I want to help them deliver that."
He joins his former chief of staff, Rupert Harrison, who is a senior strategist for the US investment firm.He joins his former chief of staff, Rupert Harrison, who is a senior strategist for the US investment firm.
"George has a unique and invaluable perspective on the issues that are shaping our world today," said Laurence D. Fink, chairman and chief executive of BlackRock."George has a unique and invaluable perspective on the issues that are shaping our world today," said Laurence D. Fink, chairman and chief executive of BlackRock.
Mr Osborne, who campaigned to keep the UK in the European Union, was sacked from the government after Theresa May became prime minister following the Brexit vote. Mr Osborne, a prominent campaigner to keep the UK in the European Union, was sacked from the government after Theresa May became prime minister following the Brexit vote.
He became the UK youngest finance minister in more than 100 years when he was appointed in 2010 to spearhead an austerity drive by the Conservative-led government following the global financial crisis.
In November, he defended earning £320,000 in speaking fees in a single month after leaving government.In November, he defended earning £320,000 in speaking fees in a single month after leaving government.
His appointment follows other political heavyweights joining financial firms. Just this week, former foreign secretary William Hague joined Citigroup as an adviser.
Former prime minister Gordon Brown sits on the global advisory board at investment manager Pimco, and his predecessor Tony Blair joined JP Morgan in 2008 shortly after leaving office.
Analysis: Joe Lynam, BBC business correspondentAnalysis: Joe Lynam, BBC business correspondent
BlackRock manages more than £4 trillion ($5trillion) worth of investments and pension funds worldwide and is often consulted by governments.BlackRock manages more than £4 trillion ($5trillion) worth of investments and pension funds worldwide and is often consulted by governments.
Mr Osborne will advise senior BlackRock executives on macroeconomic policy, providing - what the company says is - perspectives on European politics and policy.Mr Osborne will advise senior BlackRock executives on macroeconomic policy, providing - what the company says is - perspectives on European politics and policy.
He will not be stepping down as an MP though, and will have to declare this new role publicly.He will not be stepping down as an MP though, and will have to declare this new role publicly.