Mandelson's Lobbying Firm Severs All Ties with Disgraced Peer Amid Epstein Fallout
The lobbying firm co-founded by former Labour minister Peter Mandelson has completely severed all connections with the peer, marking a decisive break following mounting pressure over his association with convicted sex offender Jeffrey Epstein. Global Counsel confirmed the move in an official statement, which also announced the departure of its chief executive, Benjamin Wegg-Prosser.
Complete Divestment and Leadership Changes
Global Counsel has reached a formal agreement to fully divest Lord Mandelson's shares in the business, thereby ending all financial and operational ties. The firm's chair, Archie Norman, stated unequivocally: “With the completion of this process today, Peter Mandelson no longer has any shareholding, role or association with Global Counsel and has no influence over the firm in any capacity.” This confirmation underscores the total separation, clarifying that the former US ambassador holds no stake and exerts zero influence over the company's affairs.
Concurrently, Benjamin Wegg-Prosser has announced his resignation as chief executive. In his departure statement, he explained: “With the completion of the divestment of Peter Mandelson’s stake in the business, I feel that now is the time to draw a line between Global Counsel and his actions.” Wegg-Prosser, who co-founded the London-based firm with Mandelson in 2010 after Labour's general election defeat, has been replaced by managing director Rebecca Park, who now assumes leadership of the organisation.
Political Repercussions and External Pressure
The decision follows intense scrutiny and external pressure, including reports that Barclays has cut ties with Global Counsel amid the controversy. The fallout has extended into political spheres, with Labour leader Keir Starmer issuing an apology to Epstein victims for appointing Mandelson and, as he stated, “believing his lies.” This public apology highlights the broader political ramifications of the scandal, affecting reputations and relationships within Westminster and beyond.
The firm's swift actions aim to distance itself from the Epstein association, which has sparked widespread condemnation and calls for accountability. By removing all connections to Mandelson and undergoing a leadership transition, Global Counsel seeks to rebuild its credibility and operational integrity in the face of ongoing public and corporate scrutiny.
