Take context from the input text and decide on the accurate relationship between 'George Osborne' and 'Chancellor of the Exchequer' from the options provided.
Options: product/material produced, position held, developer, currency

Chancellor of the Exchequer George Osborne took a loss on Monday’s sale as he tries to revive investor appetite in the bank, seven years after it became Britain’s biggest casualty of the financial crisis.
position held