George Osborne to take on advisory role at asset management firm

George Osborne - credit: Press Association

Investment management firm Blackrock has announced former Chancellor George Osborne will become senior adviser to its investment institute.

The former Chancellor of the Exchequer, who is still a sitting MP, will take on the role from the start of February.

Stressing that he will not be involved in lobbying activity, the investment manager said Osborne brings “a unique and invaluable perspective on the issues that are shaping our world today”.

Osborne will advise the firm’s investment institute on European politics and policy, Chinese economic reform and the impact of low yields and longer life expectancy on retirement planning

Blackrock says the Institute aims to help “portfolio managers become even better investors and to produce thought-provoking investment content for clients and policymakers”.

Bloomberg reports that BlackRock recruited Osborne’s former aide, Rupert Harrison, to become chief macro strategist in 2015.

Osborne was Chancellor from 2010-2016.