Goldman Sachs announced, on Tuesday, July 8, the appointment of former British Prime Minister Rishi Sunak as the main advisor, the US bank added a politician and an experienced leader to his team, while the sector crosses a period marked by geopolitical and regulatory uncertainties.
This appointment marks a return home for Rishi Sunak, the former head of state who had previously worked for Goldman Sachs as an investment bank in 2000, then as an analyst between 2001 and 2004.
“As part of their duties, he will advise our clients around the world about a series of important issues, by sharing their unique perspectives and ideas about the macroeconomic and geopolitical panorama,” said Director General David Solomon in a statement.
A tendency to transition from public to private
This appointment corresponds to a well established trend according to which former elected officials and officials find a second race in finance, where their political experience and network are considered strategic assets.
Two former chancellor of the chess board also obtained jobs in the sector, George Osborne in Blackrock as an advisor and Sajid Javid as partner of the Centricus investment company.
Rishi Sunak was prime minister between October 2022 and July 2024, and chancellor of the chess board from February 2020 to July 2022. He resigned from his duties as prime minister and leader of the Conservative Party last year, after a strong defeat against Keir Starmer’s Labor Party, but retains his headquarters in the Chamber of Communications.
Source: BFM TV
