Thursday, 10 January 2008

Surprise, Surprise! Tony Blair to Become Advisor to JP Morgan

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Photo of Tony Blair (without his make-up on) courtesy of the BBC

THE TELEGRAPH: Tony Blair is preparing to take a lucrative job with an international investment bank, he has disclosed.

The former prime minister - who is said to be earning as much as £1 million a month from speaking fees - will supplement his income as an adviser to JP Morgan, one of the biggest names on Wall Street.

The job could pay Mr Blair about £500,000 a year, according to Wall Street recruitment consultants.

Since he left office last June, several international banks are said to have wooed Mr Blair, hoping to make use of his extensive contacts with governments around the world.

He will act part-time for JP Morgan and is likely to take similar advisory roles elsewhere.

He said he expected to accept "a small handful" of similar roles with international firms in the coming months.

"I have always been interested in commerce and the impact of globalisation," he told the Financial Times in New York. Tony Blair's new job as advisor for JP Morgan >>> By James Kirkup

DAILY EXPRESS:
Tony Blair to earn $1million from advisory job at top Wall Street bank By Jane Merrick

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