NEW DELHI, July 8: The former Prime Minister of the United Kingdom Rishi Sunak is set to re-join Goldman Sachs as a senior adviser, marking his first major appointment since stepping down as Conservative party leader following the party’s crushing defeat in the 2024 general election.
The role represents a return to familiar ground for Rishi Sunak, who began his career at Goldman as a summer intern and junior analyst between 2001 and 2004. The Wall Street giant announced his appointment with CEO David Solomon welcoming him back to the firm.
“I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser,” David Solomon said, adding, “He will work closely with our executives to advise clients on geopolitical and economic issues and contribute to our culture of learning and development.”
Though still serving as the MP for Richmond and Northallerton, Rishi Sunak has remained largely out of the public eye since the Conservatives suffered their worst electoral result in a century, plummeting from 365 seats in 2019 to just 121 in July 2024. Despite speculation about his political future, Rishi Sunak has pledged to remain on the backbenches for the rest of this Parliament. Earlier this year, Rishi Sunak also took up academic roles at the University of Oxford and Stanford University.
Rishi Sunak has pledged to donate his compensation from Goldman Sachs to the Richmond Project, a charitable initiative he and his wife launched to boost numeracy skills across the UK. Rishi Sunak’s post-Goldman career included roles at TCI, the hedge fund founded by billionaire Chris Hohn and at Theleme Partners, a spin-off of the firm.
(Manas Dasgupta)