Ex-UK Treasury chief George Osborne joining BlackRock

Former British Treasury chief George Osborne is to join investment management firm BlackRock as an adviser.

The firm says Osborne will "provide perspectives on European politics and policy, Chinese economic reform, and trends such as low yields and longevity and their impact on retirement planning" in the part-time role.

Osborne served as Britain's finance minister for six years, overseeing government spending cuts during a period of low inflation and low unemployment.

A strong advocate of Britain remaining in the European Union, he was fired by Prime Minister Theresa May after the country's June decision to leave.

Osborne said Friday he was excited about helping achieve "better outcomes for pensioners and savers."

He is not planning to resign from the House of Commons when he takes up the post Feb. 1.