Peter Mandelson once said that he had no problem with people being 'filthy rich', and now he looks set to join them.
The appointment was added to the register of Lords’ Interests at the end of October, but it has not been publicised by either party.
In January 2011, Lazard appointed Mandelson as a Senior Adviser. As a Senior Adviser, he would provide independent strategic counsel to the firm and its clients (he also has a great contact book, which is clearly worth 'buying').
Mandelson to chair Lazard International (subscriber content only)