Today Byline Times has published an article which shows that “just a week after the Government announced it was resuming arms sales to Saudi Arabia, the committee which oversees business appointments for former ministers (ACOBA), quietly revealed that the ex Chancellor Phillip Hammond will take up a job with Kingdom’s finance minister.”
The current minister is Mohammed Al-Jadaan who was appointed as acting minister on 6 March 2020 replacing Mohammed Al-Tuwaijri who was moved to the royal court as an advisor. Mohammed Al-Tuwaijri was CEO of HSBC MENA before becoming finance minister.
One of the largest banks in Saudi Arabia is Saudi British Bank, an off-shoot of HSBC. BAE systems bank with HSBC. Hammond will therefore, essentially be a representative of HSBC.