HSBC appoints Ruth Kelly

Former Labour cabinet minister Ruth Kelly has joined HSBC as a senior manager. Kelly, who stood down from her political post before the election, joined the corporate development team at the bank. In her new role, Kelly will advise HSBC on a number of issues, including consumer protection and City reform. Her move comes after serving 13 years in politics where she held a number of roles, including transport secretary, communities secretary and education secretary. Formerly, she was an economics correspondent at The Guardian newspaper.