Former hardline Home Sec Sajid Javid returns to corporate world
In a move underlining the revolving door between senior government positions and the corporate world, former chancellor, Sajid Javid has accepted a job with US bank JP Morgan.
The move has come under greater scrutiny than normal because Javid used to work for the JP Morgan office in New York in the 1990s before moving to Deutsche Bank.
It is believed Javid’s new role involves acting as a “senior adviser” on the bank's advisory council for Europe, the Middle East and Africa.
The US lender said the following in a statement: “We are delighted to welcome Sajid [Javid] 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”.
Javid’s new job has been reportedly approved by the UK's Advisory Committee on Business Appointments (ACOBA), which oversees jobs for former ministers and top civil servants.
Ministers are obliged to seek ACOBA’s approval if they want a job in the private sector within two years of leaving office.
Javid was effectively forced to resign as chancellor in February after he fell out with Prime Minister Boris Johnson’s chief strategist, Dominic Cummings.
Javid is believed to have lost a bitter power struggle with Cummings over his refusal to sack his advisers.
Prior to becoming chancellor, Javid was Home Secretary between April 2018 and July 2019.
Javid was notorious for his hardline policies as Home Secretary, notably his stepping up of citizenship deprivation measures, whereby British citizens are arbitrarily deprived of their nationality often on dubious national security grounds.
Javid is believed to have signed off on at least 150 citizenship deprivation orders.
In addition, Javid undertook a number of anti-Iranian measures as Home Secretary, notably his proscription of the Lebanese Resistance group Hezbollah in February 2019.
As a prominent member of the parliamentary lobby group, Conservative Friends of Israel, Javid is an avowed Zionist and a strong supporter of current Israeli policies.
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