Hoban leaves Treasury for DWP

clock

Mark Hoban has been moved across from the Treasury, where he is currently financial secretary, to the Department for Work and Pensions as part of the government reshuffle.

Downing Street has confirmed the move, although no replacement for the vacated position at the Treasury has been announced yet. Hoban will take over Chris Grayling's role as employment minister, while Grayling himself will become Justice Secretary. Hoban has held his influential ministerial role since the coalition government was formed in 2010. Meanwhile, Mark Prisk has been appointed as the government's housing minister after Grant Shapps was promoted to Conservative Party co-chairman. More to follow.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

The existential threat at the heart of Britain's biggest wealth manager

The existential threat at the heart of Britain's biggest wealth manager

Fees made St James's Place rich but now risk toppling the firm

Chris Newlands
clock 15 May 2024 • 10 min read
St James's Place results lay bare cost and charging challenges against market tumult

St James's Place results lay bare cost and charging challenges against market tumult

'Structural opportunity' for advice industry

Hope Coumbe
clock 28 February 2024 • 3 min read
SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
Trustpilot