Rishi Sunak joins Goldman Sachs as senior advisor
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The news: Former UK Prime Minister Rishi Sunak has returned to Goldman Sachs as a senior adviser, the bank said on Tuesday, in his first major role since resigning as leader of the Conservative party last year.
The context: Sunak stepped down as party leader after the Labour Party’s landslide election win in 2024, when the Tories suffered their worst election defeat in almost 100 years.
Sunak took positions at the University of Oxford and Standford University earlier this year, but has maintained that he plans to continue serving on the backbenches for the remained of this parliament.
“I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a Senior adviser,” said Goldman Sachs chairman and CEO David Solomon. “In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.”
Sunak worked at the Wall Street investment bank from 2001 to 2004 as a summer intern then junior analyst.
Prior to his role as PM, Sunak was Chancellor of the Exchequer from February 2020 to July 2022. Prior to that, Rishi held several positions, including as chief secretary to the Treasury and Parliamentary under secretary of State at the Ministry of Housing, Communities and Local Government.
The FT writes that Sunak and his wife Akshata Murty have a combined wealth of £640 million ($1.33 billion), most of which comprises her stake in the family business, Infosys.
Sunak’s pay from Goldman will be donated to the UK charity Richmond Project.
The sources: Goldman Sachs, FT
