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Former British Prime Minister Rishi Sunak is expected to join Goldman Sachs as senior advisor, in his first major role since he resigned from his post as leader of the Conservative Party last year after the victory of the Labor Chart Glunting Elections.
The job marks a return to the investment bank of Wall Street for Sunak which spent the first years of his career there from 2001 to 2004, first as a summer trainee then junior analyst.
“I am delighted to welcome Rishi to Goldman Sachs in his new capacity as principal advisor,” the director general of the bank, David Solomon said on Tuesday. Sunak will work with Goldman leaders to advise customers on geopolitical and economic problems.
“He will also spend time with our employees around the world, contributing to our culture of learning and continuous development,” added Solomon.
Sunak, who is the deputy for Richmond and Northallerton, has largely remained outside the spotlight since the defeat of the murderous elections of the Conservative Party last summer. The Tories endured their worst election in a century, after 14 years of power, crashed from 365 seats in 2019 to only 121 in July 2024.
Earlier this year, it was announced that Sunak had taken positions at the University of Oxford and at the University of Stanford.
However, he insisted that he will continue to serve on the banks for the rest of this Parliament rather than leaving the House of Commons.
Sunak and his wife, Akshata Mounty, have an estimated combined wealth of 640 million pounds sterling, according to the rich list of Times Sunday, most of which include his participation in the family business, Infosys. Goldman’s Sunak’s salary will be given to the Richmond project, a charitable organization launched by him and his wife to improve numeral skills in the United Kingdom.
Sunak worked at Goldman as a summer trainee in 2000 when he was still at the University of Oxford and then joined the investment bank as a junior analyst after his diploma from 2001 to 2004.
After leaving the bank, Sunak worked at TCI, the activist designer fund founded by billionaire Chris Hohn and his spin-off Theleme Partners.
