Former chancellor Sajid Javid hired as adviser to banking giant JP Morgan

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

The bank revealed on Monday that Mr Javid – who quit as chancellor earlier this year – has been hired as a senior adviser.

Mr Javid is still an MP but will take up a post as a member of the US bank’s advisory council for Europe, the Middle East and Africa (EMEA).

A spokesman for the bank 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 MP for Bromsgrove began his 18-year career in finance at Chase Manhattan, which later merged with JP Morgan, and worked in several roles in its currencies and emerging market businesses.

He later joined Deutsche Bank where he ran several of the German lender’s trading businesses in Asia, including in Singapore.

He left Deutsche, where he was reportedly earning about £3m, in 2009 to pursue a career in politics and was elected to parliament the following year.

JP Morgan regularly appoints former government ministers to adviser posts, with ex-prime minister Tony Blair and ex-Finnish prime minister Esko Aho among its previous appointees.

Former Italian finance minister Vittorio Grilli has just become chairman of JP Morgan’s EMEA advisory council.

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