Former Labour frontbencher Chuka Umunna joins JP Morgan for green role

Chuka Umunna has joined US banking giant JP Morgan

Chuka Umunna is the latest former politician to take a lucrative job in the City.

The 42-year-old, who was a Labour frontbencher before a series of defections saw him end up as a Liberal Democrat and lose his seat in the 2019 general election, will oversee JP Morgan’s environmental, social and governance services in Europe.

Umunna will leave a similar role at communications firm Edelman.

Former Tory Chancellor Sajid Javid was hired by JP Morgan last year, as was former Labour prime minister Tony Blair after he left office. 

Another ex-Chancellor, George Osborne, joined investment bank Robey Warshaw last week. 

Umunna’s brief includes corporate finance, investment flows, operational decisions and capital allocation, the bank said.