Sunak’s appointment comes after resigning from the PM position final yr after a loss to Keir Starmer’s Labour Get together
Goldman Sachs has named former United Kingdom Prime Minister Rishi Sunak as a senior adviser, including a veteran policymaker to its roster as banks navigate rising geopolitical and regulatory uncertainty.
The funding financial institution introduced Sunak’s appointment on Tuesday.
Sunak, who stays a Conservative member of parliament from a seat in northern England, beforehand labored at Goldman as an analyst within the early 2000s earlier than becoming a member of a sequence of hedge funds.
Via a mixture of his previous profession in monetary companies and the household wealth of his spouse, whose father co-founded the Indian IT companies firm Infosys, Sunak grew to become the wealthiest British prime minister, drawing criticism of being out of contact with most UK voters.
He has remained largely out of the highlight since resigning as chief of the Conservatives after the occasion’s worst defeat in additional than a century in July final yr. He took up posts at Oxford and Stanford universities earlier this yr.
Goldman’s hiring of Sunak, who had additionally served because the UK’s finance minister, provides to a protracted listing of senior politicians taking over positions in finance, the place their coverage backgrounds and international networks are considered as strategic property.
“I’m excited to welcome Rishi again to Goldman Sachs,” Goldman CEO David Solomon mentioned in a press release. “In his position, he’ll work with leaders throughout the agency to advise our purchasers globally on a spread of necessary matters, sharing his distinctive views and insights on the macroeconomic and geopolitical panorama,” Solomon mentioned.
Former British finance ministers George Osborne and Sajid Javid have additionally made the transfer to finance with Osborne holding positions at asset supervisor BlackRock and advisory agency Robey Warshaw and Javid turning into a associate at funding agency Centricus.
