Former banker Sajid Javid has been named as the new business secretary.
The MP for Bromsgrove was secretary of state at the Department for Culture, Media and Sport from April 2014 to the election and worked his way up from parliamentary private secretary to Chancellor George Osborne to financial secretary to the Treasury, between 2011 and 2014.
He replaces Liberal Democrat Vince Cable at the helm of the Department for Business, Innovation & Skills.
Before entering Parliament in 2010, Javid was a senior managing director with Deutsche Bank AG, where he specialised in raising investment in developing countries.
He started his career with Chase Manhattan Bank NA in New York in 1991.
Javid is known for his working class roots – his father was a bus driver, and he attended state schools before winning a place at Exeter University to study economics and politics. He joined the Conservative Party in 1988.
Other appointments at the department include Matthew Hancock as minister for business and enterprise, Lord Livington as minister for trade and investment and Nick Boles as minister for skills and equalities.
