Former British prime minister Tony Blair today joined US bank JPMorgan Chase & Co as a senior advisor.
JPMorgan, the third-largest US bank, said Blair will give JPMorgan Chase's CEO and senior management team advice on global politics on a part-time basis, and participate in the company's events with key clients.
'I look forward to advising them on how they approach the huge political and economic changes that globalisation brings,' Blair said in a statement.
The Financial Times in London first reported the move on its website, saying it would be the first of a series positions Blair expects to take in the private sector.
It is thought that JP Morgan will pay him over £0.5m sterling for his advice.
Blair's predecessor, John Major, joined a US finance company after leaving 10 Downing Street. After leaving office, Major joined US private equity firm The Carlyle Group in 1998 amid that company's big push into the European market.
