London-based political risk advisor Global Counsel has made a number of strategic changes since the Brexit referendum result, including the appointment of City grandee Paul Myners as vice chairman.
Myners will be responsible for advising financial services clients on the impact of policy change on their businesses or investment plans, according to a statement from Global Counsel.
Myners, who joins the firm’s London office, previously worked as chief executive of investment firm Gartmore Investment Management and served as non-executive director at private equity firm Bridgepoint Capital. He also spent a number of years working in the British government as city minister.
He penned the Myners report to address government concerns institutional investors were not acting in the best interests of their beneficiaries. The report recommended, among others things, fund managers' fees should detail the cost of commissions for share trades to pension funds.
Global Counsel has also added two advisors to its political due diligence team in London. Kirsty Allan and Tom Smith will work alongside current advisor Leo Ringer to develop a wider set of due diligence products for private equity investors and corporates looking to understand policy risk in acquisitions or divestments, the group said.
Additionally, the political risk advisor has moved its Brussels office closer to the headquarters of the EU Commission, in the Berlaymont, and is in the process of recruiting new employees to be based full-time in Brussels.
Global Counsel predominantly works with private equity firms looking to invest in UK assets. The firm advises on political risks, changes in policy, regulation and changes in government. It currently has 38 employees based in offices located in London, Brussels and Singapore.
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