Banks looking for friends from high places as advisers

London

IT'S good to have friends from high places, and banks are luring former world leaders and past central bank chiefs as advisers to give them an edge in a difficult landscape.

Banks and investment firms have more than 30 advisers who in the past sat at the top table of global politics and central banking, according to analysis by IFR. They include former leaders of Britain, Mexico, Australia and Sweden, top European policymakers, several ex-finance ministers, and former central bank governors from the US and Europe.