Global Counsel CEO Steps Down Amid Epstein Files Fallout
The chief executive and co-founder of Peter Mandelson's influential lobbying firm Global Counsel has resigned with immediate effect following damaging revelations about connections to convicted sex offender Jeffrey Epstein. Benjamin Wegg-Prosser's departure comes as several clients have severed or reconsidered their ties with the consultancy after disclosures about its Epstein links.
Immediate Resignation and Stake Divestment
Global Counsel's board confirmed in a statement that Wegg-Prosser has stepped down immediately, while also revealing that former Labour minister Peter Mandelson has fully divested his 21 per cent stake in the company. The developments follow City AM reporting that exposed Epstein's integral role in the agency's early development and Wegg-Prosser's continued contact with the financier after his conviction for soliciting prostitution of a minor.
Revealed Epstein Connections
Emails released by the US Department of Justice provided substantial evidence of the Epstein connections:
- Wegg-Prosser met with Epstein to discuss Global Counsel's business plan during the firm's formative period
- The former Labour party spin doctor helped arrange a trip to Russia for Epstein that ultimately fell through
- Mandelson shared a list of the company's potential clients with the convicted sex-trafficker
These revelations have created significant reputational damage for the high-profile lobbying firm, which advises major corporations and organisations on political strategy and policy development.
Leadership Transition Announced
In their statement, Global Counsel announced: "With the necessary progress made on the divestment [of Peter Mandelson's share in the company], Benjamin Wegg-Prosser, founder and chief executive of Global Counsel, has decided to step down. The board has asked Rebecca Park to take on the leadership of GC."
The statement continued: "I want to thank Ben for his loyalty and commitment to GC. He has built a great firm and strong team who will take the business forward and I am delighted that Becca has agreed to become chief executive."
Client Relationships Under Pressure
The Epstein revelations have placed considerable strain on Global Counsel's client relationships, with multiple organisations reportedly reconsidering their association with the consultancy. The firm, known for its political insight and strategic advice, now faces the challenge of rebuilding trust and reputation following these damaging disclosures about its historical connections to the disgraced financier.
This developing story represents a significant moment for the UK's lobbying industry, highlighting how historical associations can resurface with substantial consequences for modern business operations and client confidence.
