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The Liberal Democrats' financial spokesman, Vince Cable, concurred.
An Axa financial spokesman said: "We wish him well in his new position".
As chief financial spokesman during the Liberal opposition (1878 96), he advocated unrestricted reciprocity with the United States.
After European bank stress tests, German banks, in the view of Gerhard Schick, financial spokesman of the Greens, "are and will remain wobbly".
"We as Germans should have the necessary humility to accept this caution from Brussels -- it is only an early warning," said Oswald Metzger, the Greens' financial spokesman.
"In my view this is a good choice, a good judgment, and his experience will be invaluable," according to Ed Balls, Labour's financial spokesman in the House of Commons.
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In 2010, the then three main parties' financial spokesmen took part in their own debate on the economy on Channel 4.
Labor's financial services spokesman, Jim Chalmers, said the opposition was wary of the government's motives on superannuation and did not believe the Coalition had the right priorities.
12.54pm BST Cyprus update Francine Lacqua (@flacqua) #Cyprus hasn't requested additional financial aid: spokesman April 12 , 201312.52pm BST Dublin press conference begins Jeroen Dijsselbloem, the Dutch finance minister, is now taking at the eurozone meeting in Dublin.
"We try very hard to help customers experiencing financial difficulty," spokesman Mark Rodgers said.
No new commitments were made at the international financial institutions, the spokesman said.
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