Former British Prime Minister Gordon Brown has been appointed as an unpaid advisor to the World Economic Forum. He is to be the chairman of a new policy and initiatives co-ordination board.
There had been speculation he could become the next head of the International Monetary Fund.
However, his successor as British leader, David Cameron, argued Mr Brown may not be the 'best person' to head the global finance watchdog.
Mr Cameron, whose stance could bar his predecessor from the IMF post, blames Mr Brown for what he says was the economic mess his government inherited.
Mr Brown's defenders say he did as good a job as could be expected in steering Britain through the global economic crisis of 2008-09 and also launched initiatives that ensured the international banking system would not collapse.
The World Economic Forum is best known for its annual meeting, usually held in Davos in Switzerland, where top international business leaders and politicians are joined by artists, academics, religious leaders, trade unionists and campaign groups.
Mr Brown, who was Britain's Chancellor of the Exchequer from 1997 to 2007 under the government of his Labour predecessor Tony Blair, has in the past been a keynote speaker at Davos meetings.
Klaus Schwab, founder and executive chairman of the WEF, said Brown would bring a wealth of knowledge to the organisation.