Former UK PM Rishi Sunak joins Goldman Sachs as senior adviser

Sunak’s assignment comes aft resigning from the PM relation past twelvemonth aft a nonaccomplishment to Keir Starmer’s Labour Party

Goldman Sachs has named former United Kingdom Prime Minister Rishi Sunak arsenic a elder adviser, adding a seasoned policymaker to its roster arsenic banks navigate rising geopolitical and regulatory uncertainty.

The concern slope announced Sunak’s assignment connected Tuesday.

Sunak, who remains a Conservative subordinate of parliament from a spot successful bluish England, antecedently worked astatine Goldman arsenic an expert successful the aboriginal 2000s earlier joining a bid of hedge funds.

Through a operation of his past vocation successful fiscal services and the household wealthiness of his wife, whose begetter co-founded the Indian IT services institution Infosys, Sunak became the wealthiest British premier minister, drafting disapproval of being retired of interaction with astir UK voters.

He has remained mostly retired of the spotlight since resigning arsenic person of the Conservatives aft the party’s worst decision successful much than a period successful July past year. He took up posts astatine Oxford and Stanford universities earlier this year.

Goldman’s hiring of Sunak, who had besides served arsenic the UK’s concern minister, adds to a agelong database of elder politicians taking up positions successful finance, wherever their argumentation backgrounds and planetary networks are viewed arsenic strategical assets.

“I americium excited to invited Rishi backmost to Goldman Sachs,” Goldman CEO David Solomon said successful a statement. “In his role, helium volition enactment with leaders crossed the steadfast to counsel our clients globally connected a scope of important topics, sharing his unsocial perspectives and insights connected the macroeconomic and geopolitical landscape,” Solomon said.

Former British concern ministers George Osborne and Sajid Javid person besides made the determination to concern with Osborne holding positions astatine plus manager BlackRock and advisory steadfast Robey Warshaw and Javid becoming a spouse astatine concern steadfast Centricus.