JPMorgan Chase has appointed former British prime minister, Tony Blair, in a senior advisory capacity to the firm, effective immediately.

Mr Blair will also join the company’s international council. He will advise JPMorgan Chase’s CEO and senior management team on a part-time basis – drawing on his immense international experience to provide the firm with strategic advice and insight on global political issues and emerging trends.

Mr Blair will also participate in select events and conferences for the company including senior-level client events and will provide briefings on political trends to the firm’s board of directors.

Jamie Dimon, Chairman and CEO of JPMorgan Chase, said: We’re honored that Tony Blair has chosen to join JPMorgan Chase as a senior advisor to our executive team and board. We operate our business all over the world, and Tony Blair will bring our leaders and clients a unique and invaluable global perspective that is especially critical in turbulent times like these. Our firm will benefit greatly from his knowledge and experience.