Former UK PM Rishi Sunak joins Goldman Sachs as senior adviser

As banks navigate waning geopolitical and regulatory uncertainty, Goldman Sachs has appointed former British Prime Minister Rishi Sunak as its senior adviser.

On Tuesday, the investment bank made Sunak’s appointment official.

Sunak, who is still a Conservative member of parliament from a seat in northern England, started his career at Goldman as an analyst before joining a number of hedge funds.

Sunak became the wealthiest British prime minister after facing criticism for being out of touch with the majority of UK voters due to his combination of his previous career in financial services and his wife’s wealth, whose father co-founded the Indian IT services company Infosys.

Since resigning as Conservatives leader in July of last year, the party suffered its worst defeat in more than a century. He has largely remained out of the spotlight. earlier this year, he accepted positions at Stanford and Oxford.

Sunak, who previously served as the UK’s finance minister, is one of many senior politicians who are now holding positions in finance because of their strategic stances and connections.

According to Goldman Sachs’ CEO, David Solomon, “I’m thrilled to welcome Rishi back to Goldman Sachs.” He will collaborate with senior executives from the firm to provide advice to clients around the world on a range of significant topics, while also offering his unique perspectives and insights on the macroeconomic and geopolitical landscape, Solomon said.