Rishi Sunak returns to finance with a new role at Goldman Sachs. The former prime minister will serve as a part-time senior advisor, offering insights on global politics and economics.
Sunak, who left Downing Street in July 2024, remains a Conservative MP for Richmond and Northallerton. Before entering politics, he worked at Goldman Sachs as an analyst in the early 2000s.
Goldman Sachs CEO David Solomon expressed excitement about Sunak’s return. He said the ex-PM would share “unique perspectives” with clients and employees. Additionally, Sunak will support the bank’s training programs.
Notably, Sunak will donate his salary to The Richmond Project. This charity, co-founded with his wife Akshata Murty, aims to boost numeracy skills in the UK.
The Advisory Committee on Business Appointments (Acoba) reviewed Sunak’s new job. While approving the role, it flagged potential risks. Goldman Sachs could gain unfair advantages from his government experience.
To prevent conflicts, Sunak faces strict rules. He cannot advise foreign governments or lobby the UK for Goldman Sachs. He must also avoid clients he dealt with as PM.
Rishi Sunak returns to finance after a long political career. Before becoming an MP in 2015, he spent 14 years in banking. He started at Goldman Sachs as an intern in 2000. Later, he worked as an analyst before co-founding an investment firm.
As chancellor during COVID-19, Sunak introduced major economic policies. His furlough scheme became widely known during daily briefings. After resigning in 2022, he triggered Boris Johnson’s downfall.
Since leaving office, Sunak has taken on multiple roles. He joined Oxford University’s Blavatnik School and Stanford’s Hoover Institution. Unlike his Goldman role, these positions are unpaid.
He has also earned over £500,000 from speaking engagements. Like other ex-PMs, he now commands high fees for corporate talks.
With this move, Rishi Sunak returns to finance, reconnecting with his pre-political career. As Goldman Sachs welcomes him back, questions linger about influence and transparency in post-government roles.
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