London Daily

Focus on the big picture.
Sunday, Jul 13, 2025

Former chancellor Javid in talks to join investment firm Centricus

Former chancellor Javid in talks to join investment firm Centricus

Sajid Javid is in talks about a role at Centricus, a London-based investment firm which was among last year's unsuccessful bidders for Chelsea Football Club.
Sajid Javid, the former chancellor of the exchequer, is in talks about a role with an investment firm with close links to SoftBank, the giant Japanese conglomerate.

Sky News has learnt that Mr Javid, who recently announced that he would not stand for re-election in his Bromsgrove seat, has held preliminary talks with Centricus, a London-based group which manages more than $40bn in assets.

Sources said the talks between Mr Javid and Centricus were not certain to result in a job.

If he does join the firm, the former cabinet minister would be reunited with a number of former colleagues from Deutsche Bank, where he worked for nearly a decade.

Mr Javid left the German investment banking powerhouse in July 2009 "to give something back through public service", according to his LinkedIn profile.

He held several senior ministerial roles, including at the Department of Health, as business secretary, and at the Department for Housing, Communities and Local Government.

His eight-month stint as chancellor ended in February 2020.

Later that year, he became an adviser to a number of companies, including the Wall Street investment bank JP Morgan.

It was unclear on Monday what his precise role might be at Centricus if he did join the firm.

Founded in 2016, Centricus is focused on investments in sectors including financial services, infrastructure and consumer, media, entertainment and sports.

It helped to structure the fundraising for the vast SoftBank Vision Fund and led a $50m investment into Tamara Mellon's eponymous luxury shoe brand.

Last year, it submitted an unsuccessful bid to buy Chelsea Football Club.

Centricus's senior team includes Garth Ritchie and Nizar Al-Bassam, both of whom held executive posts at Deutsche Bank.

A spokesperson for Mr Javid said: "Sajid of course continues to have strong relationships in business, finance and other sectors, but he has not yet considered any roles with any organisations.

"His recent decision to stand down means that he can start to explore, over the next two years, what the next phase of his career will involve."

The same spokesperson issued a statement to Sky News on 25 November insisting that Mr Javid had "sent confirmation to Conservative Party HQ that he intends to stand again at the next general election", in response to questions about his parliamentary future.

A week later, the former chancellor announced publicly that he would step down as an MP.

Centricus declined to comment on its discussions with Mr Javid.
Newsletter

Related Articles

0:00
0:00
Close
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
×