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Blair joining JPMorgan Chase as adviser

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Blair joining JPMorgan Chase as adviser
European Middle East peace envoy Tony Blair (C) chats with Israeli defense Ministry officials after taking part in a meeting between Israeli Defense Minister Ehud Barak and Palestinian Prime Minister Salam Fayyad on December 13, 2007 in Jerusalem. Israel and the Palestinians have renewed peace talks following the summit held at Annapolis last month. (UPI Photo/David Silverman/POOL) | License Photo

LONDON , Jan. 10 (UPI) -- Former British Prime Minister Tony Blair said he is joining U.S. banking giant JPMorgan Chase as a part-time adviser.

Blair told the Financial Times in London it is the first of "a small handful" of similar positions he expects to take in the private sector.

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Blair, who stepped down as prime minister last year, will use his experience and contacts to provide political and strategic advice to the firm, which has assets of $1.5 trillion, and take part in some client events, the report Thursday said.

"There are only a handful of people in the world who have the knowledge and relationships that he has," Jamie Dimon, JPMorgan chief executive, said.

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