Conservative party treasurer Malik Karim has been appointed as an adviser on fundraising to the party chairman Nadhim Zahawi, a statement said.
Karim was appointed as treasurer by the prime minister in July 2021. He created a sustainable fundraising strategy for the Tories to prepare the party to fight elections, the statement added.
“I want to thank Malik for his hard work and full commitment throughout his time as Party Treasurer. He has been creative and effective in successfully executing major new events such as the inaugural Conservative Party City Dinner,” said Rishi Sunak, prime minister and party leader.
Karim is the first person of colour to serve as treasurer of the party. He is a successful business leader and the founder and chief executive of Fenchurch Advisory, one of the country’s leading firms offering M&A advice to the financial services industry.
Zahawi said: “I look forward to continuing to work closely with Malik. I know we will all continue to draw on Malik’s experience and expertise as we become fighting fit for a General Election.”
Karim has a City career spanning almost four decades. Previously, he was a managing director of Credit Suisse/DLJ and was also a director of Kleinwort Benson.
He arrived in the UK as a refugee from Uganda in 1972 as part of the forced repatriation of Asians by dictator Idi Amin. He graduated from the University of Manchester with a BA and MA in Economics and qualified as a chartered accountant with Arthur Andersen.
“It has been an honour and a privilege to serve as Conservative party treasurer. Having remained to help provide continuity in Conservative Campaign Headquarters (CCHQ), this particular inflection point for the party feels like the right time to step away from the day-to-day responsibilities,” said Karim.
“I will continue to serve our Party and look forward to working closely with Nadhim, his cabinet colleagues and CCHQ particularly to raise funds to fight the next General Election.”
