London Daily

Focus on the big picture.
Friday, May 09, 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
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
Paramount Board Considers Settlement in Trump’s $20 Billion Lawsuit Over "60 Minutes" Interview
U.S. Economy Shrink in Trump’s First Quarter as Tariff Policy Raises Questions
Deadline Looms for RTS Meter Replacement: Hundreds of Thousands at Risk of Heating Disruption
Sweden Grapples with Deadly Gun Violence: Suspect Arrested After Three Young Men Killed in Uppsala Hair Salon
Walz Reveals Why Harris Chose Him as Her Running Mate and Reflects on Democratic Losses
Spain Restores Power After Unprecedented Nationwide Blackout
Carney Secures Liberal Mandate in Canada’s Federal Election
Death Penalty Sought as Luigi Manion Pleads Not Guilty in CEO Murder Case
President Trump contacts Jeff Bezos after reports of Amazon considering listing tariff surcharges; company clarifies no such plan for main platform
Spain and Portugal Recover from Massive Blackout
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
Pakistani migrants to Danish man: “ “We have 5 children while you have 1 or 2. In 10 years, there will be more Pakistanis than Danes here.“
Clashes Erupt in London as Tensions Rise Between Indian and Pakistani Communities
Specialized anti-drone weapons deployed among security personnel Ahead of Papal Funeral
How do you fix this culture?
×