George Osborne lands another new job: Former chancellor leaves roles at Evening Standard and US firm BlackRock to become investment banker at Robey Warshaw
- George Osborne served as David Cameron’s chancellor between 2010 and 2016
- In 2017, the father-of-two stepped down as Conservative MP for Tatton, Cheshire
- Since leaving Cabinet he has held high power banking and media positions
Former Chancellor of the Exchequer George Osborne has picked up a new job job as an investment banker after leaving posts at the Evening Standard and BlackRock.
Mr Osborne, 49, served in David Cameron’s Cabinet between 2010 and 2016, before Theresa May became prime minister.
He then served as a backbench MP until the 2017 General Election, while taking up new roles in media and banking.
Last year he was promoted from editor to editor-in-chief at the London Evening Standard.
He has now left the role, as well as a £650,000-a-year, one-day-a-week position he held at US fund manager BlackRock.
George Osborne served in David Cameron’s Cabient from 2010 to 2016, since then he has taken on a number of high-profile jobs, some of which boast a six-figure salary. He is expected to leave the Evening Standard and BlackRock in March to join banking firm Robey Warshaw
According to the FT, he has quit both roles to become a full-time banker at investment firm Robey Warshaw.
His position is expected to involved helping with the boutique bank’s largest clients, which include Vodafone, BP and energy company Centrica.
Mr Osborne’s Twitter bio still describes him as ‘Evening Standard Editor-in-Chief, Northern Powerhouse Partnership Chair & former Chancellor’.
The father-of-two told the FT: ‘Robey Warshaw is the best of the best, advising great businesses on how to grow, and I’m proud to be joining this first-rate team.’
His appointment is the first expansion of the bank’s partnership since it was founded in 2013.
He will join Sir Simon Robey, Simon Warshaw and Philip Apostolides
Mr Osborne, 49, received a £650,000-a-year salary for working one day a week at US investment firm BlackRock. He is leaving the post to join Robey Warshaw, a London banking firm that has made £207million in profit since opening in 2013
In a statement, the bank said: ‘We believe that George will significantly enhance the advice we give to clients. He brings differentiated experience and expertise to our team from his leading roles in global finance over the past decade.’
The exclusive bank has 13 staff and made profits of £207million since opening.
Mr Osborne will remain chair of the advisory board at Exor, a holding company for Italian billionaires the Agnelli to manage its interests.
He is expected to leave BlackRock and the Evening Standard in March.
Mr Osborne later said: ‘I’ve loved my time at the Evening Stander.
‘Editing the paper was everything I hoped it would be – and more. The team there are among the most dedicated people I’ve had the pleasure to work with, and it’s the readers who drive us to produce great news and entertainment.
‘I am hugely grateful to Evgeny Lebedev to giving me the chance to edit one of the great newspapers at such a dramatic, news-packed time in our country’s history. I know the Standard has a strong future ahead of it.’
The former Chancellor of the Exchequer’s other roles
- Advisor to investment management firm BlackRock (£650,000 a year for one day a week)
- Editor-in-Chief at the London Evening Standard
- Works for Exor, a multi-million pound holding company which controls the Fiat car empire
- Chairman of the Northern Powerhouse Partnership
- Fellow at US think tank the McCain Institute
- Honorary professor of economics at the University of Manchester
- Regular after-dinner speeches for the Washington Speakers Bureau (more than £500,000 a year)
- Distinguished visiting fellow at Stanford University’s Hoover Institution