Global Counsel, which the sacked ambassador to the US co-founded, starts to sell off his multimillion-pound stake
Peter Mandelson’s advisory firm is cutting ties with him after his firing as US ambassador after the extent of his relationship with the child sex offender Jeffrey Epstein was revealed in emails.
Global Counsel, which Mandelson co-founded in 2010 alongside Benjamin Wegg-Prosser, is selling off his multimillion pound stake.
The company started the selloff of Mandelson’s stake this year and is expected to conclude the process in the next two months, according to a person familiar with the matter.
Mandelson’s ties to Global Counsel came under fresh scrutiny after the depth and extent of his relationship with Epstein was revealed by the emails, including the suggestion that his first conviction was wrongful and should be challenged.
