Sajid Javid, a conservative member of parliament and former chancellor of the Exchequer, is reuniting with JPMorgan as a senior consultant on the American lender's Europe, Middle East, and Africa (EMEA) advisory committee.
The advisory council is an organization at the bank that focuses on client strategy, relations and business opportunities for the EMEA. Javid quit his post in February after British Prime Minister Boris Johnson advised him to terminate all his advisers as part of what some saw as an attempted power grab by Johnson to take over the Treasury.
Javid will work with former Labor Prime Pinister Tony Blair, whom JPMorgan hired as a global consultant in 2008. In a statement, JPMorgan said they were happy to welcome Javid back to the company as a senior adviser.
Javid will continue in his capacity as a parliament member and his position with the bank will be strictly overseen to protect against disclosing classified government information and other regulations.
Details about Javid's pay were not disclosed, but he stated that his new job responsibilities would not get in the way of his responsibilities as an MP. He joined the U.S. banking institution in the 1990s before he moved to Deutsche Bank. Javid had previously worked in the foreign exchange unit of Chase Manhattan prior to entering politics in 2010.
Javid's stint as chancellor was one of the shortest in the history of British public service. He left parliament early this year. Rishi Sunak took his spot just as the coronavirus pandemic broke out.
Javid made headlines in Europe in February when he refused an offer to remain as chancellor of the exchequer in a political revamp following his refusal to sack his advisers.
The former investment banker will regroup with Esko Aho, former Finland prime minister, and Vittorio Grilli, the former Italian economy and finance minister, on the EMEA consultancy panel.
