The UK’s former top civil servant has re-emerged at independent investment bank Rothschild, his first private sector appointment since his controversial departure from Whitehall in the summer.
Lord Mark Sedwill is set to join the bank in January as a senior advisor, Rothschild said in a statement. He stepped down from his role as cabinet secretary and national security adviser in September after a high-profile spat with Dominic Cummings, prime minister Boris Johnson’s former senior adviser.
Sedwill will help Rothschild develop strategy, but is also expected to advise clients across its investment banking, wealth and asset management and merchant banking business, it said.
Robert Leitão, managing partner of Rothschild & Co said: “Mark will bring a level of strategic perspective and measured judgement to enhance our group in the years ahead. His track record on the international stage speaks for itself and he will be a great asset to our business.”
Sedwill spent over 30 years in public office, occupying some of the top positions including permanent secretary at the home office and HM ambassador and Nato representative in Afghanistan. He was named head of the civil service in 2018.
On his retirement in September, Sedwill was named head of a new security and defence conference called Atlantic Future Forum and chair of the G7 panel on global economic resilience by Johnson. The Rothshchild role is his first significant private sector appointment.
“I am delighted to join Rothschild & Co. This is an outstanding institution with a proud history, strong values and an ambitious global agenda,” Sedwill said in the statement announcing his appointment.
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