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JPMorgan hires UK ex-finance minister Javid

Stock MarketsAug 17, 2020 02:45PM ET
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© Reuters. Former Chancellor of the Exchequer Sajid Javid leaves his home in London

LONDON (Reuters) - Wall Street giant JPMorgan (N:JPM) has hired Britain's former finance minister Sajid Javid as a senior adviser, the bank said on Monday, a move that sees the politician resume his career in investment banking.

Javid quit his role in government earlier this year after falling out with Prime Minister Boris Johnson during a cabinet reshuffle. He remains a lawmaker in Britain's parliament but is to take up a post as a member of the U.S. bank's advisory council for Europe, the Middle East and Africa (EMEA).

"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," a spokesman for the bank said in a statement.

Javid began his career in finance at Chase Manhattan, which later merged with JP Morgan, and worked in a number of roles in its currencies and emerging market businesses. He then joined Deutsche Bank (DE:DBKGn), running several of the German lender's trading businesses in Asia before being elected to Britain's parliament in 2010.

JPMorgan regularly appoints ex-government ministers to advisory posts, with former UK Prime Minister Tony Blair and ex-Finnish Prime Minister Esko Aho among its previous appointees. Former Italian finance minister Vittorio Grilli has just become chair of the EMEA advisory council.

JPMorgan hires UK ex-finance minister Javid
 

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