In a significant diplomatic and economic appointment, the Prime Minister has named Varun Chandra as the Special Envoy to the United States on Trade and Investment. This strategic role positions Chandra at the forefront of enhancing bilateral relations between the United Kingdom and the United States, with a sharp focus on economic collaboration and mutual growth.
Strategic Role and Economic Impact
As Special Envoy, Varun Chandra will spearhead initiatives across the UK government to advance the nation's economic interests in the United States. His responsibilities include driving forward trade and investment opportunities that benefit both countries, leveraging his extensive experience in international business and policy.
The United States stands as the UK's largest single-country trading partner, with bilateral trade valued at over £330 billion in the year leading up to summer 2025. This substantial economic relationship underscores the importance of Chandra's appointment in fostering continued growth and stability.
Recent Successes and Future Prospects
During the US State Visit in September alone, the UK government witnessed record levels of investment from American companies, totaling £150 billion. This influx of capital has already created 7,600 jobs across the country, highlighting the tangible benefits of strong UK-US ties.
Chandra's envoy role will concentrate on advancing these trade and investment connections, including active engagement with US business leaders and participation in established trade dialogue mechanisms. He will also coordinate efforts across key UK departments to ensure a cohesive and effective approach.
Background and Expertise of Varun Chandra
Varun Chandra joined Prime Minister Keir Starmer's administration in July 2024 as chief adviser on business, investment, and trade. In this capacity, he has been instrumental in shaping UK-US trade discussions, sitting on the Office for Investment board and chairing the Global Talent Taskforce.
Early Life and Education
Born in November 1984 in South Shields, northeast England, Chandra is the son of Indian immigrant parents from the state of Bihar. His father, a doctor recruited by the National Health Service, instilled a strong work ethic and global perspective.
Chandra attended the Royal Grammar School in Newcastle on a scholarship before pursuing philosophy, politics, and economics at Magdalen College, University of Oxford, from 2003 to 2006. At Oxford, he served as president of the Junior Common Room and actively participated in college sports, demonstrating leadership and teamwork skills early on.
Professional Journey and Achievements
Chandra began his career in investment banking, training at Lehman Brothers in London shortly before the firm's collapse in 2008. He later advised former UK Prime Minister Tony Blair, contributing to the establishment of a regulated advisory firm focused on political economy and cross-border transactions. His work also included efforts with the Labour Party leadership and various economic advisory roles.
His entrepreneurial spirit led him to found and chair a venture capital firm operating between Silicon Valley and the UK, as well as lead a family-office-backed merchant bank. From 2013 to 2014, he joined Hakluyt & Co., a strategic advisory firm, rising to global managing partner from 2019 to 2024. During this period, he advised multinational corporations and investors on complex commercial and geopolitical issues across the US, Europe, and Asia, and later helped establish Hakluyt Capital as a founding partner and chair.
Philanthropy and Additional Contributions
Beyond his government and business endeavors, Chandra has been actively involved in philanthropy and education. He founded the associate board of The Opportunity Network and has served on various boards across sectors including education, technology, and agriculture, showcasing his commitment to societal development.
This appointment marks a pivotal moment in UK-US relations, with Varun Chandra's diverse background and expertise poised to drive significant economic advancements and strengthen bilateral ties for years to come.
