"Peter Mandelson's advisory firm is cutting ties with him after his firing as US ambassador after the extent of his relationship with paedophile Jeffrey Epstein was revealed in emails. Global Counsel, which Mandelson co-founded in 2010 alongside Benjamin Wegg-Prosser, is in the process of selling off his multimillion pound stake to a new investor. The sale is expected to conclude within the next two months."
"Mandelson's ties to Global Counsel came under fresh scrutiny after the depth and extent of his relationship with Epstein was revealed by the emails, including the suggestion that his first conviction was wrongful and should be challenged. His relationship with Epstein extended to labelling him his best pal, and a photograph emerged this week of Mandelson lounging in a white bathrobe with Epstein."
"The company, which helps clients anticipate regulatory and political change, has advised firms including JP Morgan, Barclays, Open AI, Anglo American, fast-fashion retailer Shein and social video platform TikTok. Archie Norman, the chair of FTSE 100 retailer Marks & Spencer, is its vice-chair. Mandelson, who was a minister in Sir Tony Blair's Labour government but was forced to resign twice, stepped back from Global Counsel after being appointed by prime minister Sir Keir Starmer as UK ambassador to the US in December."
Global Counsel is cutting ties with Peter Mandelson and is selling his multimillion-pound stake to a new investor, with the sale expected to conclude within two months. His ties to the firm came under scrutiny after emails revealed the extent of his relationship with Jeffrey Epstein, including suggestions that Mandelson's first conviction was wrongful and should be challenged. Emails showed Mandelson labelling Epstein his best pal, and a photograph emerged of Mandelson lounging in a white bathrobe with Epstein. Mandelson stepped back from Global Counsel after his ambassadorial appointment and agreed to sell his stake, though filings show he still holds 21%. Global Counsel advises major clients including JP Morgan, Barclays, OpenAI, Anglo American, Shein and TikTok.
Read at www.theguardian.com
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