Sajid Javid lands top role at US investment bank

Sajid Javid lands top role at US investment bank six months after quitting as chancellor

  • Sajid Javid will join the European advisory team at JP Morgan as a senior adviser
  • He will be advising clients on the economic landscape in Europe after Brexit
  • The former Chancellor will be under strict rules over what he can divulge

Sajid Javid has landed a lucrative role as a senior adviser at an investment bank six months after resigning as chancellor.

Mr Javid, 50, left in a February reshuffle after Boris Johnson ordered him to fire his team of aides.

Now he will join the European advisory team at JP Morgan, where he started his career as a graduate in New York.

Sajid Javid, 50, left in a February reshuffle after Boris Johnson ordered him to fire his team of aides

His pay cheque has not been disclosed but he will advise clients on the economic landscape in Europe after Brexit.

Mr Javid follows in the footsteps of former prime minister Tony Blair, who is paid £2million per year as a part-time global adviser for JP Morgan. The ex-Chancellor will be under strict rules over what he can divulge, especially privileged information gained as a minister.

Earlier this year, JP Morgan posted the biggest annual profits of any US bank in history – just shy of £28billion. Its 64-year-old chief executive Jamie Dimon was the best paid banking boss for a fifth year in a row, scooping £24million. 

JP Morgan said: ‘We are delighted to welcome Sajid back to JPMorgan 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.’

Mr Javid joined JP Morgan after leaving university in its currencies and emerging markets businesses, before later moving to Deutsche Bank.

He became a Conservative MP in 2010, serving as business secretary in 2015, before becoming Home Secretary and then Chancellor.

He was succeeded by Rishi Sunak who took over a Chancellor in February.

Source: Read Full Article