Former chancellor George Osborne is to take a role at BlackRock.
He will join the BlackRock Investment Institute, the asset manager’s in-house investment think tank, as a senior adviser, according to Sky. There are no indications that he will step down as an MP
It is understood that he will earn at least a six figure salary in the position, Sky quotes sources as saying.
Since being replaced at 11 Downing Street, Osborne (pictured) has been carrying out more work in the corporate world, carving out a lucrative career on the speaking circuit.
In November, he earned £51,328 for a speech delivered at Aberdeen Asset Management’s annual investment conference and a further £34,109 from BlackRock for a talk at its New York office. according to the parliament’s register of MPs interests.
He was also paid £81,174 and £60,578 by JP Morgan and £85,396 by Citi for a series of speeches earlier last year.
BlackRock has been contacted for comment.