Rishi Sunak, the former British Prime Minister, has rejoined Goldman Sachs as a senior adviser. The New York-based investment bank announced that Sunak will leverage his extensive political and financial experience to provide strategic counsel to its global clientele. This move marks Sunak’s return to the financial industry after a notable political career.
Goldman Sachs’ CEO, David Solomon, expressed enthusiasm over Sunak’s appointment, highlighting his “unique perspectives and insights on the macroeconomic and geopolitical landscape.” Sunak’s role will involve collaborating with leaders across the firm, advising on a diverse array of international topics.
A Political and Financial Journey
Before ascending to the role of Prime Minister, Sunak served as Chancellor of the Exchequer from February 2020 to July 2022. His tenure in the government also included positions such as Chief Secretary to the Treasury and Parliamentary Under-Secretary of State at the Ministry of Housing, Communities and Local Government. Sunak’s political journey began in 2015 when he was elected as a Member of Parliament for Richmond, North Yorkshire.
Despite leading the Conservative Party to its worst defeat in last year’s general election, Sunak remains committed to his parliamentary duties. He pledged to serve as an MP for the entire duration of the current Parliament, regardless of election outcomes. His successor, Labour leader Keir Starmer, retains the authority to call the next election by mid-2029.
From Finance to Politics and Back
Sunak’s financial expertise is well-documented. He initially joined Goldman Sachs as a summer intern in 2000 and subsequently worked as an analyst from 2001 to 2004. He later co-founded an investment firm, working with international businesses. His return to Goldman Sachs signifies a full-circle moment in his career path, blending his financial acumen with his political insights.
Sunak’s personal wealth, combined with that of his wife Akshata Murty—the daughter of an Indian tech billionaire—amounts to £640 million, as noted in the Sunday Times’ rich list. This financial standing underscores his deep-rooted connections to both the political and business worlds.
As Sunak embarks on this new chapter at Goldman Sachs, the financial sector will be keenly observing how his dual expertise in government and finance will shape his contributions to the firm and its clients.
