Investec has hired Andrew Mitchell, the former Conservative chief whip who stepped down after being accused of calling a policeman a “pleb” outside Downing Street.
Mitchell, who has previously worked at Lazard, will join Investec as a senior strategic adviser. The role reportedly carries a £60,000 salary for 10 days work a year.
Mitchell says: “I am looking forward to working with Investec and the very talented team there.”
It is also reported Mitchell has a 24-hour release clause into his contract, which would allow him to return to a senior political role if the chance arose.
Mitchell resigned from the Cabinet in October last year following reports that he called a policeman a “pleb” after he was refused entry through the main gates at Downing Street with his bicycle.
However, the accusation has since been undermined by CCTV evidence and the emergence that witness testimony was provided by a policeman who was not present at the alleged incident.