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Former British Prime Minister Rishi Sunak will join Goldman Sachs as a senior advisor in his first major role since his resignation as a conservative party leader last year after the landslide elections win.
The job is a return to Wall Street Investment Bank for Sunak, which spent the early years of his career from 2001 to 2004, which initially as a summer intern as a junior analyst.
“I am very pleased to withdraw Rishi in his new capacity as a senior consultant to Goldman Sachs,” said the bank’s managing director, David Solomon, in a statement on Tuesday. altar will work with the Goldman executives to advise customers about geopolitical and economic questions.
“He will also spend time with our employees around the world and contribute to our culture of continuing learning and development,” added Solomon.
Sunak, who is the MP of Richmond and Northallerton, has remained largely out of the spotlight since then Conservative party‘S Bluerging Defeat last summer. The Tories experienced their worst choice in a century after 14 years in power and fell from 365 seats in 2019 to only 121 in July 2024.
At the beginning of this year it was announced that Sunak had posted posts at the University of Oxford and Stanford University.
However, he insisted that he will continue to serve on the backers for the rest of this parliament instead of leaving the lower house.
Sunak and his wife Akshata Murty have a combined estimated assets of £ 640mnAccording to the rich list of Sunday Times, most of which include their participation in the family business in infosys. Sunak’s payment from Goldman is donated to the Richmond Project, a charity organization that started by him and his wife to improve the benefits in the UK.
Sunak worked as a summer intern at Goldman in 2000 when he was still at the University of Oxford, and later joined investment bank as a junior analyst from 2001 to 2004.
After leaving the bank, Sunak worked at TCI, the activist hedge fund founded by the billionaire Chris Hohn, and his spin off theleme partners.
Sunak was looking for approval for the job in May for the first time, but it was asked to wait until July – the first anniversary of its abandoning the Downing Street – from ACOBA, the government’s wax dog, from ACOBA.
In a letter published on Tuesday to Sunak, Acoba said that there is a risk that Sunak Goldman would advise on affairs, which “overlap” with the responsibilities he had held in the government and that the appointment “could be seen in order to offer unfair access and influence within the British government”.
As a result, it is limited by some activities for another year, including the lobbying for the government on behalf of Goldman, the use of Whitehall contacts to influence politics, or to advise the bank in relation to offers or contracts with the government.
“Your role at the Goldman Sachs Group, Inc. should be limited to giving advice on strategy, macroeconomic and geopolitical matters that are not in conflict with their time as Prime Minister,” his decision said.
