Rishi Sunak Returns to Goldman Sachs as Senior Adviser

Strategic Insights -

Rishi Sunak, former Prime Minister of the United Kingdom, has accepted a role as a senior adviser at Goldman Sachs, marking his first major move since stepping down as Tory leader following the party's landslide election defeat last year. Sunak began his career in financial services as a summer intern at the investment bank in 2001 and will now work with leaders across the firm to advise clients globally on macroeconomic and geopolitical issues. He has also announced that he will donate his entire salary from Goldman Sachs to the Richmond Project, a charity he co-founded to improve maths skills in the UK.

Key Takeaways:

  • Rishi Sunak will serve as a senior adviser at Goldman Sachs, working with leaders across the firm to advise clients globally on macroeconomic and geopolitical issues.
  • Sunak will donate his entire salary from Goldman Sachs to the Richmond Project, a charity he co-founded to improve maths skills in the UK.
  • Sunak has been advised by the Advisory Committee on Business Appointments to wait at least 12 months before beginning his role at Goldman Sachs and to avoid involvement in projects that include lobbying the UK government or its arm's-length bodies for a further year.
  • Sunak has maintained a low profile since stepping down as Tory leader, staying out of the limelight and serving on the backbenches as the MP for Richmond & Northallerton.
  • Sunak has taken up new roles at the Blavatnik School of Government at the University of Oxford and at the Hoover Institution at Stanford University, where he previously attended.
  • Sunak has registered his interests, stating that he has been paid over half a million pounds for three speeches between April 8 and May 19.

Statistics:

  • 2001: The year Rishi Sunak began his career in financial services as a summer intern at Goldman Sachs.
  • 2004: The year Sunak left Goldman Sachs as a junior analyst.
  • £500,000+: The amount Sunak has been paid for three speeches between April 8 and May 19.
  • 9.5 hours: The total time spent working on the three speeches.
  • 1 year: The amount of time Sunak should wait before beginning his role at Goldman Sachs, according to the Advisory Committee on Business Appointments.
  • 1 year: The amount of time Sunak should avoid involvement in projects that include lobbying the UK government or its arm's-length bodies, according to the Advisory Committee on Business Appointments.

Sources:

  • Daisy Eastlake, "Rishi Sunak returns to Goldman Sachs as senior adviser"
  • Independent Advisory Committee on Business Appointments