Rishi Sunak si unisce a Goldman Sachs come consulente senior

Former UK prime minister Rishi Sunak is set to join Goldman Sachs as a senior adviser, in his first major role since he resigned as Conservative party leader last year following Labour’s landslide general election victory.

The job marks a return to the Wall Street investment bank for Sunak who spent the first few years of his career there from 2001 to 2004, first as a summer intern then a junior analyst.

“I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser,” the bank’s chief executive David Solomon said in a statement on Tuesday. Sunak will work with Goldman executives to advise clients on geopolitical and economic issues.

“He will also spend time with our people around the world, contributing to our culture of ongoing learning and development,” Solomon added.

Sunak, who is the MP for Richmond and Northallerton, has largely stayed out of the limelight since the Conservative party’s bruising election defeat last summer. The Tories endured their worst election result in a century, after 14 years in power, crashing from 365 seats in 2019 to just 121 in July 2024.

Earlier this year, it was announced that Sunak had taken up posts at the University of Oxford and Stanford University.

However, he has insisted that he will continue to serve on the backbenches for the rest of this parliament rather than quitting the House of Commons.

Sunak and his wife, Akshata Murty, have a combined estimated wealth of £640mn, according to the Sunday Times’s rich list, most of which comprises her stake in the family business, Infosys. Sunak’s pay from Goldman will be donated to the Richmond Project, a charity launched by him and his wife to improve numeracy skills in the UK.

Sunak worked at Goldman as a summer intern in 2000 while still at Oxford university and later joined the investment bank as a junior analyst after his graduation from 2001 to 2004.

After leaving the bank, Sunak worked at TCI, the activist hedge fund founded by billionaire Chris Hohn, and its spin off Theleme Partners.

Here’s my complete and utter lack of surprise.

Was a coin toss between there or a think tank post + spectator column

This isn’t a bug, it’s a feature of our politics. You get a nice advisory role when you exit politics regardless of party affiliation, especially if you were previously a chancellor. It’s probably why people want to get into politics.

Gordon Brown took up a role on an advisory panel at a global investment management firm Pimco.

Alistair Darling joined the board of Morgan Stanley where he received millions of pounds worth of stock.

Tony Blair joined JPMorgan Chase as a senior advisor and was paid £2.5m a year. He was also at Zurich Financial Services with a yearly compensation of £2m.

Sajid Javid also took up a role with JPMorgan after his disgraced short period as chancellor.

David Cameron advised with Greensill Capital.

Philip Hammond joined fintech OakNorth Bank. He also serves on the board of crypto custody firm Copper and took on a leadership role at Ventura Capital

George Osbourn joined city firm Robey Warshaw and also worked for Black Rock.

Rachel Reeves will be joining a board or advisor of a bank when she leaves too.

This should subject his seat in parliament to a by-election. Absolutely should disqualify him from being an MP. 

The man who ruined HS2 to get a bump in the polls that never came. Failing up it’s called.

So he’ll be standing down as an MP soon, right?

Right?

I still find it astonishing that someone can spectacularly fail publicly and yet still fall upwards and get a position that will no doubt be worth millions of pounds to him.

If most of us were to fuck up that epically we would be done for. I simply must get into politics.

Excellent news for Rachel Reeves.

She can hold out hope that after she leaves politics she can get the job she claimed she had before.