Blair joins JP Morgan

Former British prime minister joins US investment bank as senior adviser.

    JP Morgan's chief executive said only a handful of people have the skills of Blair [EPA]

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

    Blair's income from the job was not disclosed, but the FT reported that one New York recruitment consultant said it was likely to be more than $1m a year.

    'Enormously valuable'

    The Financial Times quoted Jamie Dimon, JP Morgan's chief executive, as saying that Blair would be "enormously valuable" to the company.

    "There are only a handful of people in the world who have the knowledge and relationships that he has," he said.

    Blair's move comes one month after Jonathan Powell, his former chief of staff, joined Morgan Stanley, JP Morgan's rival, as a managing director in Morgan Stanley's investment banking division.

    Blair, a key ally of George Bush, the US president, was replaced last year by Gordon Brown as prime minister after over 10 years as prime minister.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.