City of London Picks Ex-Minister to Promote Finance Sector in EU

Jeremy Browne, a former Foreign Office minister, has been named as the City of London Corporation’s special representative to Brussels to improve engagement between the financial services industry and the European Union.

Browne, who was a Liberal Democrat lawmaker until the May 7 election, will liaise with senior EU policy makers and promote London’s role as Europe’s international finance center, the corporation said in an e-mailed statement.

The corporation said it is increasing staffing at its Brussels office because of the proposed British referendum on EU membership, due by the end of 2017, and the need for the U.K. to better engage with other member states. Browne starts on Sept. 1 and will be paid 200,000 pounds ($312,000) a year.

“Jeremy’s experience and expertise, especially with his ministerial background, will mean that the financial and professional services sector’s voice is going to be heard at the top echelons of Brussels,” said Mark Boleat, chairman of the corporation’s policy and resources committee.

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