By bizn_fun 
Wegg-Prosser told his team his departure was what he called “a good old-fashioned political resignation” to protect the reputation of the business.
His profile page on the company’s website has already been taken down. He has been replaced by managing director Rebecca Park.
Lord Mandelson resigned from the board of Global Counsel in 2024, shortly before the general election but had continued to hold shares in the company.
However, in a letter to clients the company’s chairman, former Tory MP Archie Norman said: “We have reached an agreement for the divestment of Peter Mandelson’s shares in Global Counsel and that the transaction will be completed later today subject to final approvals.”
In a statement released by the company, Wegg-Prosser said: “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.”
The Epstein files, released by the US Department of Justice last week include mentions of a meeting between Epstein and Wegg-Prosser in 2010, two years after the US financier was convicted of soliciting prostitution and soliciting a minor.
On 20 February 2010, Lord Mandelson sent an email to Epstein with the subject “March 2” to say “Ben is coming to NYC to meet you and explain the business plan”.
On 26 February, Epstein received an email from an assistant trying to confirm a time for the meeting, and noted “Ben Wegg-Prosser (Mandelson’s friend)” had confirmed “he could be at your house on Tues at I.00”.
Epstein, emailing Mandelson on 2 March, wrote “fly safely” with a message from a sender redacted but thought to be Mandelson noting: “Be nice to Ben. He is a very able organiser of life and its opportunities. And he watches my back big time.”
Epstein, who does not refer to a surname, wrote “Ben is media sensitive, good communication instincts” but also noted he “has feeble business acumen”.
The files also show direct contact between Wegg-Prosser and Epstein by email.
On 13 March 2011, an email from Wegg-Prosser to Epstein contains what appears to be a prepared statement which included details on how Mandelson was introduced to Epstein.