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Tue, 27 October 2020

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Former chancellor Sajid Javid lands job with Wall Street giant JP Morgan

Former chancellor Sajid Javid lands job with Wall Street giant JP Morgan

The move marks a return to finance for the former chancellor (right). (PA)

2 min read

Former chancellor Sajid Javid has landed a new job with Wall Street giant JP Morgan.

Mr Javid — the MP for Bromsgrove who dramatically quit as Chancellor earlier this year — will take up post as a member of the US bank's advisory council for Europe, the Middle East and Africa (EMEA), the bank announced.

A spokesperson for JP Morgan said: "We are delighted to welcome Sajid back to JP Morgan as a senior adviser, and we look forward to drawing upon his in-depth understanding of the business and economic environment to help shape our client strategy across Europe."

The move marks a return to finance for Mr Javid, who began his career at Chase Manhattan, which later became part of JP Morgan.

The senior Conservative later joined Deutsche Bank and ran several of its trade businesses in Asia, before leaving the sector in 2009 to enter politics.

He was first elected to Parliament in 2010, and rose to become a Cabinet minister before launching his own leadership bid in 2019.

Mr Javid quit as Chancellor at the start of this year following a row with Number 10 over plans to merge the team of top advisers from Downing Street and the Treasury.

The Bromsgrove MP is not the first major political appointment by JP Morgan, which in 2008 named former prime minister Tony Blair as an adviser on a reported salary of £2million a year.

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