"Global Counsel, the political advisory firm co-founded by Peter Mandelson, is cutting ties with the former Labour minister after his dismissal as Britain's US ambassador following revelations about his links to Jeffrey Epstein. The firm, which advises some of the world's largest companies on regulatory and political risk, has begun selling Mandelson's multimillion-pound stake and expects to complete the process within two months."
"The pressure to cut ties intensified after emails surfaced detailing Mandelson's close relationship with Epstein, whom he once described as his "best pal". The correspondence included a suggestion that Epstein's first conviction should be challenged. A photograph of Mandelson in a white bathrobe with Epstein has further fuelled the controversy. Global Counsel counts JP Morgan, Barclays, OpenAI, Anglo American, Shein and TikTok among its clients, and its vice-chair is Marks & Spencer chair Archie Norman."
Global Counsel is cutting ties with Peter Mandelson after his dismissal as Britain's US ambassador amid revelations of links to Jeffrey Epstein. The firm has begun selling Mandelson's multimillion-pound 21 percent stake and expects to complete the sale within two months. Mandelson co-founded Global Counsel in 2010 and had stepped back after his ambassador appointment, though Companies House filings show he still held the stake and he resigned as a director in May last year. Pressure rose after emails revealed a close relationship with Epstein, a photograph showed Mandelson in a bathrobe with Epstein, and correspondence suggested challenging Epstein's first conviction. Global Counsel advises major clients including JP Morgan, Barclays, OpenAI, Anglo American, Shein and TikTok.
Read at Business Matters
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