Rajesh Agrawal will assist Khan on business matters
Sadiq Khan, London’s new mayor has appointed self-made millionaire Rajesh Agarwal as his deputy for business to champion the city’s financial interests in the post-EU referendum fall-out.
Agarwal who was born in India, grew up in humble surroundings before arriving in London to set up foreign exchange giant RationalFX, which had a turnover of more than 1.3 billion pounds last year.
The 39-year-old businessman who has also founded international money transfer service Xendpay featured in the Sunday Times rich list with a fortune of £90 million.
“The mayor and I are determined to build a coalition that ensures the needs of business and financial services are at the fore over the coming months of negotiations with the EU.
“My first priority will be to listen and engage with businesses, to hear their concerns and deliver reassurance,” Agrawal said.
He added: “I stepped on a plane for the first time 15 years ago to make the journey to London, and found a city that welcomed me with open arms and didn’t make me feel like a stranger.
“This openness to talent and enterprise must not change as a result of the referendum. I share Sadiq’s belief that a thriving economy is critical to ensure that all Londoners can share in our great city’s future success.”
Agrawal was Khan’s business adviser during his mayoral campaign. The Labour mayor was elected into City Hall last month.
“Having arrived in London equipped with the ambition to succeed, Rajesh has created a multi-million-pound businesses from scratch and knows first-hand the challenges that our business leaders face, and what it takes to be a successful entrepreneur,” Khan said.
“I know that Rajesh is the best person for the job of protecting jobs and growth in London as we deal with the fallout of the referendum.”
The mayor has called on the government to give London an equal voice in negotiations with the EU after the capital voted overwhelmingly in favour of remaining within the economic bloc, in stark contrast to the country-wide result in favour of Brexit.