Rishi Sunak, the former Prime Minister of the United Kingdom, has joined Goldman Sachs as a senior advisor, bringing his “unique perspectives and insights” on global politics and the economy to the bank’s clients.
Gatekeepers News reports that Sunak, who resigned as PM in July 2024, will work part-time in this role while remaining the Conservative MP for Richmond and Northallerton in Yorkshire.
According to Goldman Sachs’ chairman and chief executive David Solomon, Sunak’s experience will be invaluable.
“We’re excited to welcome Rishi back to the firm,” Solomon said. “Alongside advising clients, he will also spend time with our people around the world, contributing to our culture of ongoing learning and development.”
Sunak’s salary from the new role will be donated to The Richmond Project, a charity he founded with his wife Akshata Murty to improve numeracy across the UK.
The Advisory Committee on Business Appointments (Acoba) approved Sunak’s appointment, noting potential risks and imposing certain restrictions.
Sunak will not be allowed to advise other governments or their sovereign wealth funds for the bank, or advise clients he had direct dealings with while prime minister. He also cannot lobby the UK government on behalf of the bank.
Sunak’s return to Goldman Sachs marks a new chapter in his career, following his stint as PM and his roles at the University of Oxford’s Blavatnik School of Government and Stanford University’s Hoover Institution. He has also earned over £500,000 from speaking engagements since April.
As Sunak embarks on this new role, his experience in politics and finance is expected to bring valuable insights to Goldman Sachs’ clients.
