Navigating the uncertainty of Liz Truss's tenure as prime minister was a "challenge" for former Conservative Party treasurer Malik Karim, who now welcomes the stability ushered in by the government's new top team in the wake of the Autumn Statement.

Karim, a veteran City dealmaker with Fenchurch Advisory partners, which has worked on some of the biggest deals in asset management and insurance in recent years, served as the party's treasurer for just over a year before stepping down earlier this month.