Former chancellor cleared for role by body examining propriety of ministers taking jobs in private sector

Sajid Javid, the former Conservative chancellor of the exchequer, is to become a partner at a London investment firm founded by a trio of his former colleagues at Deutsche Bank.

The former banker, who held seven ministerial positions in a 15-year political career, confirmed on Tuesday that he was joining Centricus, a private equity and asset manager based in Mayfair. He will start the role on 8 July.