Tony Blair to join JPMorgan: source

Wed Jan 9, 2008 8:48pm EST
 
[-] Text [+]

NEW YORK (Reuters) - Former British prime minister Tony Blair is expected on Thursday to join U.S. bank JPMorgan Chase & Co Inc as a senior adviser, according to a person familiar with the situation.

JPMorgan declined to comment. The Financial Times in London first reported the move on its Web site, saying it would be the first of a series positions Blair expects to take in the private sector.

Blair, a key ally of U.S. President George W. Bush, was replaced last year by Gordon Brown as prime minister amid growing discontent over Great Britain's policy in Iraq.

Details of Blair's duties with JPMorgan, the third largest U.S. bank, were not immediately available.

Blair's predecessor, John Major, joined a U.S. finance company after leaving 10 Downing Street.

After leaving office, Major joined U.S. private equity firm The Carlyle Group in 1998 amid that company's big push into the European market.

(Reporting by Tim McLaughlin; editing by Carol Bishopric)

 
Photo

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Bernd Debusmann
America’s perennial Vietnam syndrome

History does not repeat itself, but the wartime struggles of President Obama in 2009 and President Johnson in 1963 are striking in their similarities. Does the ghost of Vietnam still hang over the White House?  Commentary