Clinton, Blair and Kelly join forces

DECLAN KELLY, who recently stepped down as the US economic envoy to the North, is to join forces with Bill Clinton and Tony Blair in a private equity and international consultancy business.

Teneo will comprise a merchant bank with offices initially in New York, London, Washington and Toronto.

Mr Kelly, 42, has formed the company in partnership with Douglas Band, the former advisor to Clinton, and Paul Keary from FTI Consulting and Financial Dynamics, who will act as chief operating officer.