Osborne, who served as chancellor of the exchequer from May 2010 to July 2016, joins the asset manager’s research unit in a part-time capacity.
It will also, as Sky News reported, reunite him with his former top economic adviser Rupert Harrison, who joined BlackRock last year.
The institute is led by the firm’s vice chairman, Philipp Hildebrand, and was created in 2011 in an effort to provide research and investment insights to both its clients and fund managers.
Laurence Fink, BlackRock’s chairman and CEO said of the appointment: “George has a unique and invaluable perspective on the issues that are shaping our world today. At the center of our mission is helping people around the world save and invest for retirement, and George’s insights will help our clients achieve their goals.”
Osborne himself said the appointment afforded him the opportunity to “work part-time with one of the world’s most respected firms and a major employer in Britain” and to help it “deliver better outcomes for pensioners and savers”.
