- Lord Hill who was European commissioner for financial services, will join UBS
- The 57-year-old will give clients ‘advice in relation to Brexit’ and wider politics
- He was made a life peer in 2010, and then leader of the Lords, before EU job
A leading former British representative to the EU has landed a lucrative job at a Swiss investment bank.
Lord Hill, 57, who was European commissioner for financial services, will join UBS to advise firms on Brexit.
The Tory peer’s appointment will raise questions about the revolving door between politics and the City, and comes after former European Commission president José Manuel Barroso joined the bank Goldman Sachs, and ex-chancellor George Osborne joined the investment firm BlackRock.
Lord Hill (pictured), who was European commissioner for financial services, will join UBS to advise firms on Brexit
UBS said he would give clients ‘advice in relation to Brexit and the wider political and economic environment’.
The 57-year-old was an advisor to ex-minister Kenneth Clarke and former PM John Major – both Remainers.
He was made a life peer in 2010, and then leader of the House of Lords, before becoming the UK’s EU commissioner.
But he quit following the Brexit vote, saying he was ‘very disappointed’.
He was made a life peer in 2010, and then leader of the House of Lords, before becoming the UK’s EU commissioner. But he quit following the Brexit vote, saying he was ‘very disappointed’
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