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December 7, 2007

Tony Blair Aide Appointed To Morgan Stanley

by Stewart Douglas

Story link: Tony Blair Aide Appointed To Morgan Stanley

One of the most senior advisers to former Prime Minister Tony Blair has been today unveiled as the new senior managing director of investments at investment bank Morgan Stanley, in a move that will see him switch from the top of the political tree to the top of the commercial tree.

Announced today as the new director of investment banking at Morgan Stanley, former Tony Blair chief of staff Jonathan Powell will take up the reigns in his first high ranking commercial position, in a rather unorthodox career change for the former government adviser.

Having worked with Tony Blair’s Labour administration since 1997, Powell only left the top with the resignation of Tony Blair earlier on this year, giving him a distinguished track record at the top of government of over 10 years, which it is thought has been vital to his appointment today.

Since leaving his position in government, it has been rumoured that Powell had been linked with top positions in a number of business organisations, thus rendering today’s outcome as somewhat of a victory for the investment bank over its competitors.

In taking his position, Powell will be responsible for overseeing substantial transactions in the investment banking side of the business, handling relations with numerous other top flight banks as well as managing his newfound team.

Speaking today on the appointment, Morgan Stanley alluded to the fact they were delighted to have secured the appointment of such a high calibre candidate, particularly in light of his experience and reputation for savvy management.

Having also worked as an international diplomat and in journalism, Powell will no doubt bring an array of experience to the table as he takes up post at Morgan Stanley.

 

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