Mayor Sadiq Khan appoints deputy mayor for business to safeguard jobs

29 June 2016

The Mayor of London, Sadiq Khan, has today (29 June) appointed Rajesh Agrawal as his deputy mayor for business.

 

Sadiq Khan has tasked Rajesh Agrawal with championing London’s interests following the EU referendum, and protecting jobs and growth while the negotiation process takes place.

 

The Mayor is calling for Britain and London to remain part of the European single market, and for the capital to be granted more autonomy in order to safeguard its business interests. This includes greater powers over skills, infrastructure, housing and planning.

 

Rajesh Agrawal, a fintech entrepreneur and innovator, is the founder and CEO of Xendpay, an international money transfer service, and RationalFX, an online foreign exchange service - both of which have grown into globally successful businesses. 

 

Born and brought up in Indore, India, Rajesh arrived in London in 2001, and grew a two-person enterprise working from one small office into a multi-million pound business based in London, with offices in Birmingham, France and Spain.

 

Sadiq Khan said: “I’ve pledged to be the most business-friendly Mayor that London has ever had, and it is now more vital than ever that we act robustly from City Hall to protect our economy from the current uncertainty. 

 

"London must stay in the single market and be given more powers to ensure we can remain competitive, in order to attract the global enterprise that London’s prosperity relies on. Having arrived in London equipped with the ambition to succeed, Rajesh has created a multi-million pound business from scratch and knows first-hand the challenges that our business leaders face, and what it takes to be a successful entrepreneur. 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.”

 

Rajesh Agrawal said: “Having run my own global businesses, I know how important it is that London remains welcoming to European and international trade. 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. 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.

 

“These are extraordinary times and with this comes clear opportunities to reshape our city’s business landscape. We must champion London’s business at home and abroad, whilst equipping our young people for success, tackling rising business and housing costs and securing critical future infrastructure investment.”

Notes to editors

1 - Rajesh Agrawal is CEO of RationalFX and online money transfer platform Xenday. Rajesh, a father of two, is the Chair of Oxfam Enterprise Development Programme, a trustee of Cherie Blair Foundation for Women, and a patron of the Prince’s Trust.

 

Honours and awards:

 

• Life Fellow of the Royal Society of Arts

• Asian Leadership as Young Entrepreneur by Asian Who’s Who (2011)

• Young Entrepreneur of the Year by UK Parliament (2011)

• Patron of the Prince’s Trust

• Trusteeof the Cherie Blair Foundation for Women

• Member of the Clinton Global Initiative

 

2 - Rajesh will step down from his CEO role and be the full-time deputy mayor for business.