American firm thinks again about ‘adviser’ David Cameron

The fallout from the Greensill saga has moved across to the US where David Cameron holds a number of advisory roles, the Mail can reveal today.

Fiserv, a major payments firm, is reviewing its relationship with the former prime minister following revelations about his work for the collapsed lender.

It is understood that Fiserv executives are concerned about corporate governance issues and the possibility that Mr Cameron could face an investigation.

Experts said Mr Cameron’s status and contacts book would have been a powerful attraction to potential employers

Experts said Mr Cameron’s status and contacts book would have been a powerful attraction to potential employers

Experts said Mr Cameron’s status and contacts book would have been a powerful attraction to potential employers

Mr Greensill (picture) is alleged to have enriched bankers and ultimately himself six years later through a Government-backed loan scheme he designed after the then prime minister gave him access to 11 departments and agencies

Mr Greensill (picture) is alleged to have enriched bankers and ultimately himself six years later through a Government-backed loan scheme he designed after the then prime minister gave him access to 11 departments and agencies

Mr Greensill (picture) is alleged to have enriched bankers and ultimately himself six years later through a Government-backed loan scheme he designed after the then prime minister gave him access to 11 departments and agencies

His advisory work there began in September 2017 with First Data, which Fiserv bought for £15billion in 2019.

A source close to the US company said Mr Cameron was not on the board and was paid for three days a month ‘opening doors’ and speaking at company events.

He also holds roles at genomics giant Illumina and at Afiniti which provides technology for call centres.

Experts said Mr Cameron’s status and contacts book would have been a powerful attraction to potential employers. 

‘There aren’t many government leaders around the world who would not take his call,’ said Russ Shaw, founder of Tech London Advocates.

Mr Cameron is facing calls for an inquiry after allegations surfaced that Lex Greensill, founder of the failed finance house, was given privileged access to Whitehall. 

Mr Greensill is alleged to have enriched bankers and ultimately himself six years later through a Government-backed loan scheme he designed after the then prime minister gave him access to 11 departments and agencies. 

Mr Cameron was already under scrutiny for reportedly trying to persuade Government figures to grant emergency loans to Greensill Capital, which took him on as an adviser after he left office.

He was cleared of breaking lobbying rules by watchdogs but ministers have admitted they let Greensill hand out Covid loans without subjecting it to the same checks as banks. 

It was chosen last June as one of 27 approved lenders able to offer large companies loans of up to £200million backed by the state. Greensill went into administration last month leaving taxpayers potentially on the hook.

Labour said the public would be ‘appalled’ to hear how much of their money may have been put at risk and questions remained over the former PM’s role. 

Fiserv and Mr Cameron declined to comment last night.

Link hienalouca.com

Advertising:

Tips to Find Low Priced Luxury Holiday Package Deals Fast

For most families, it has already been a common practice to spend the Holiday season in a foreign location. This is caused by the aviation market changes which have given a lot of benefits for people who travel a lot. Airfares going to different tourist destinations are becoming more inexpensive. What does this mean? If there is a perfect time to purchase luxury holiday package deals, now it the right time! Based on the market trend nowadays, you can save both money and time when you go for a luxury holiday. There are countless offers that combine travel and accommodation in one package which is a lot cheaper than getting separate deals. Aside from that, it is also risky to individually book the services that you need for the vacation. You might end up missing out on some important details of the trip. Unlike when you take advantage of luxury holiday package deals, you can be sure that everything is organized meticulously and according to what you really need. Nonetheless, you would still need to carefully select the package that would fit your needs. Review the following tips in getting packages that are reasonably priced. · Normally, luxury tour packages include accommodation, flight travel and transportation to individual tourist destinations. It would be best to choose the complete package so you won’t have to worry about other vacation elements. In addition to that, these are the packages that have the biggest discounts. · You can get big mark down prices, if you will purchase more packages. It is not a bad idea to share the wonderful moment with your loved ones. By doing so, you would not only enjoy, you will also save more money. You can even use your savings for other activities on your vacation. · It would be best to know how much you are willing to pay for the luxury tour packages. You can already work around your budget. You have to stick to your budget. If not, you might end up spending a lot and you will be left with less money for your vacation. · Prices may vary depending on the destination of the tour. You can do a research about places that are attractive yet inexpensive. There are thousands of destinations and you just have to choose wisely. · There are packages that include recreational activities. This means that you are paying for all the activities when you purchase these packages. The right thing to do is to make sure that the activities that are included would be the ones that you really enjoy. There is no sense in paying for activities that will not really make your vacation memorable. If you are going with friends, you should also consider their preferences so that you can be sure that everyone will enjoy the trip. There are other ways on how you can be sure that you are getting the best deal for your luxury holiday vacation. No matter how you choose to do it, you have to get adequate information about the packages. This will help you determine whether it is worth the price.

(Total views: 209 Time, 1 visits per day)

Leave a Reply