Former Prime Minister of the United Kingdom, Rishi Sunak, has now formally returned to Goldman Sachs as a senior adviser. Further details of this announcement were given by none other than Goldman Sachs CEO David Solomon, who professed himself as “very excited” at Sunak’s return to the firm.
In his new role, Sunak will be working closely with leaders at Goldman Sachs. Combined, they will provide international clients with practical advice on some of the most critical and timely global issues. His expertise will focus on macroeconomic and geopolitical issues, drawing from his extensive background in both finance and public service.
“I am excited to welcome Rishi back to Goldman Sachs,” – David Solomon
Sunak’s 2000s career as a financial analyst with Goldman Sachs. He then went to the other side of the street to hedge funds, where he became an even deeper expert in financial services. His uncommon career in finance has positioned him beautifully for this moment. Together with his wife’s family riches—her father co-founded Indian IT services firm Infosys—he’s become one of the richest person elected to serve as Prime Minister in the UK.
After the Conservative Party lost its worst electoral defeat in over one hundred years in May, Sunak resigned as Prime Minister. He stepped down last July as the head of the Conservative Party. He lost his position to Keir Starmer’s Labour Party, marking a significant shift in the UK’s political landscape.
Though no longer active in government, noted Sunak is still an MP representing a northern England constituency. His return to Goldman Sachs is only the latest high-profile reversal from public service to the financial industry. He intends to use those hard-won insights to make a significant impact there.
David Solomon elaborated on Sunak’s new responsibilities, stating, “In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape.”
Sunak is presumably on what must be a very exciting new chapter at Goldman Sachs. His unusual mix of political experience and financial acumen will enrich the firm’s advisory services to clients worldwide. Sunak’s return is an unexpected and dramatic personal comeback. It further serves to remind the consistent link between politics and finance in our modern world.
