Osborne to become full-time banker
George Osborne is dropping his portfolio career to become a full-time banker. Former chancellor Osborne has announced that he is giving up nearly all his current jobs to become a partner at boutique London investment bank Robey Warshaw. David Cameron’s former right-hand man will be leaving his position as editor-in-chief of the London Evening Standard in March. BBC media editor Amol Rajan says he leaves the paper “at a time when its business model, depending on heavy commuter footfall in London, is broken”.
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‘Cameron played Mr “Big Society” Nice, with Osborne as axeman.’ The PM and chancellor in 2016. Photograph: Daniel Leal-Olivas/AFP/Getty Images
Goodbye, George Osborne, who finally leaves the world of public affairs for the thin air of golden invisibles at the summit of the wealth mountain. Forget chairing that Northern Powerhouse Partnership thing he set up to boost his leadership hopes. Forget his editor-in-chief seat at the London Evening Standard, once such a useful reward-and-revenge machine for his political ambitions. Forget the paltry £650,000 a year for one day a week at BlackRock. He is departing for really serious money at Robey Warshaw, where the top partner received £27.8m in 2019. To this “boutique advisory firm”, Mayfair cream-skimmers of mega-mergers and acquisitions, the FT says he brings his “network of political links”.
Inside the Maserati lifestyle of George Osborne s new Mayfair boutique banking job
Private chefs, hard work and a space for the coupe - when Osborne arrives at his new job, he ll find it s anything but a faceless corporate
3 February 2021 • 8:24am
George Osborne, who is set to swap his porfolio career of various roles, for a main job at a boutique bank
Credit: Getty
The internet is humming with the news that George Osborne’s days of multi-tasking are behind him; as of April he will be joining the Mayfair boutique bank Robey Warshaw. Haven’t heard of it? Over the last five financial years, the firm has generated £187 million to be divided between its three founding partners. That’s about £12 million per year each – higher than many of the chief executives they advise.
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