David Cameron has today announced the shape of his new Cabinet, following the Conservative win in the general election on Thursday.
Sajid Javid is to replace Vince Cable as secretary of state for business, innovation and skills.
Javid became vice president at Chase Manhattan Bank at the age of 25. He then joined Deutsche Bank in London to expand its business in global emerging markets.
He stepped down as managing director of Deutsche Bank in 2009 to work in politics.
He was City minister under George Osborne and economic secretary to the Treasury before being promoted to the Cabinet. Since 2014 he has been secretary of state for culture, media and sport as well as minister for equalities.
Javid will benefit in his new role from his employment history, and his existing relationship with Osborne will be in stark contrast to the often frosty dynamic between Cable and Osborne.
John Whittingdale is filling Javid’s role as secretary of state for culture, media and sport.
Patrick McLoughlin has been reappointed as transport secretary.
Anna Soubry is leaving her role as minister of state for defence personnel, welfare and veterans to become a minister for small business.
Greg Hands will be working under George Osborne as chief secretary to the treasury. However, Hands will not get full Cabinet status.
Eric Pickles is leaving the Cabinet to join the recently established Holocaust Commission as well as work as the government’s “anti-corruption tsar”. His role as secretary of state for communities and local government is to be taken by Greg Clark.
Former armed forces minister Mark Francois has been appointed minister of state at the DCLG.
Matt Hancock, a former chief of staff to George Osborne, replaces Francis Maude as Cabinet Office minister in charge of efficiency and civil service reform.
In this role Hancock will be taking charge of the Government Property Unit.
Maude retired as an MP at the election.