JPMorgan hires UK ex-chancellor Javid

FILE PHOTO: Former Chancellor of the Exchequer Sajid Javid leaves his home in London, Britain February 14, 2020. REUTERS/Simon Dawson

LONDON (Reuters) - Wall Street giant JPMorgan JPM.N 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, 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.

Reporting by Rachel Armstrong