Alistair Darling to join Morgan Stanley board

Former chancellor Alistair Darling is set to join Morgan Stanley’s board of directors in the new year.

Mr Darling, who served as chancellor from 2007 to 2010, will to take up the role from January 1 next year.

The news of his appointment follows the announcement that Gordon Brown - who served as prime minister when Mr Darling was chancellor - had joined a newly-established advisory panel at Pimco, marking his first corporate role since quitting politics in 2014.

James Gorman, chairman and chief executive at Morgan Stanley, said: “As chancellor of the exchequer Mr Darling played a central role in responding to the financial crisis. The board, our management and our shareholders will greatly benefit from his experience and perspective.”