Alistair Darling joins Morgan Stanley board

Darling of the City

Darling and Brown with money

The international finance lads count their winnings

Former Chancellor of the Exchequer Alistair Darling has announced a move to the board of Morgan Stanley.

His announcement comes just one day after Darling’s predecessor and former boss Gordon Brown announced his move to bond management firm Pimco.

So it’s to the city and into careers in international finance for the former Labour money men.

Darling will take up his role in January.

He is credited with playing a significant role in addressing the global banking crisis.

Speaking about Darling’s appointment, Morgan Stanley chief executive James Gorman said the bank would “greatly benefit from his experience”.

“He brings strong leadership experience, as well as insight into both the global economy and the global financial system,” Gorman added.

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