GORDON Brown has landed a new job, taking on his first major corporate role as an adviser to one of the world’s largest asset managers.
Seven months after quitting frontline politics, the former Prime Minister is joining US-based Pimco, where his role will involve travelling around the globe to provide insights on international economics and policy.
The advisory board is chaired by the former Federal Reserve chairman Ben Bernanke as well as the former president of the European Central Bank, Jean-Claude Trichet, and Ng Kok Song, who was chief investment officer of Singapore’s sovereign wealth fund until 2013.
A spokesman for the former MP for Kirkcaldy and Cowdenbeath, said: “Mr Brown is looking forward to discussing economic events and trends again with Ben Bernanke, Jean-Claude Trichet, and others.
“Any money goes to the Office of Gordon and Sarah Brown to support their charitable and public service work. Mr Brown does not receive a penny.”
Mr Brown's other roles will include an annual speech to the company’s “secular forum”, which debates how to invest through boom and bust cycles.
According to the Financial Times, Mr Brown has declared more than £3.6million of payments from outside interests since losing the 2010 General Election.
He can charge up to £62,000 a time for speeches to companies ranging from Credit Suisse in Miami to Visa International in Singapore.
Although Pimco has not said how much it will pay Mr Brown, he is understood to have received almost £50,000 in fees and expenses for a one-off speech at the firm's California headquarters.
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