Former U.K. Prime Minister Tony Blair has started his own investment firm offering services to high net-worth individuals and global funds, The Guardian reported, citing Financial Services Authority [FSA] documents.
The London-based company, which is registered under the name Firerush Ventures No. 3, has six employees and will trade under the name “Tony Blair Associates” [TBA], according to the filing.
The FSA documents state that while TBA isn’t authorized to hold client money — meaning it cannot carry out traditional banking functions — it can “arrange deals in investments” for clients including stocks, warrants and government securities.
Firerush said it has recruited senior financiers like Mark Labovitch, who formerly worked at Dresdner Kleinwort, LongAcre Partners and Mesa Global, to be COO, and Varun Chandra, who worked in M&A for Lehman Brothers (LEHMQ). A number of Blair’s key staff have also registered with the FSA, including Catherine Rimmer, who worked in Downing Street’s research unit and Blair’s former chief of staff Jonathan Powell.
Since leaving office in 2007, Mr. Blair, UK’s PM from 1997-2007, has amassed a fortune estimated to be in excess of more than $30 million.
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