Former UK Prime Minister Rishi Sunak is rejoining Goldman Sachs as a senior adviser in his first major role since stepping down as Conservative Party leader last year following Labour’s landslide election victory.
Sunak began his career at Goldman Sachs in the early 2000s, working as a summer intern and later as a junior analyst from 2001 to 2004. In his new role, he will advise the firm’s clients on global economic and political issues.
Goldman CEO David Solomon said, “I am excited to welcome Rishi back… He will share his insights on macroeconomic and geopolitical matters and spend time with our people around the world.”
After leaving Downing Street, Sunak took up academic roles at Oxford and Stanford universities. He continues to serve in Parliament as MP for Richmond and Northallerton, and has pledged to remain on the backbenches for the rest of the current term.
According to the Sunday Times Rich List, Sunak and his wife Akshata Murty have an estimated wealth of £640 million largely from Murty’s stake in Infosys, the Indian tech company co-founded by her father. Sunak has announced that his salary from Goldman Sachs will go to a charity he and his wife founded, The Richmond Project, which focuses on improving numeracy skills in the UK.
Before accepting the job, Sunak was told by Acoba the UK’s appointments watchdog to wait until July, marking a year since leaving office. The watchdog also imposed restrictions for one more year, including bans on lobbying government officials and advising Goldman on UK government contracts.
Sunak has kept a low profile since the Conservative Party suffered its worst election defeat in a century, dropping from 365 seats in 2019 to just 121 in 2024.
Source: Financial Times.
