London: Former UK Prime Minister Rishi Sunak is all set to join Goldman Sachs as a senior adviser, the U.S. investment bank confirmed on Tuesday, marking a return to the firm where Sunak began his finance career over two decades ago.
Sunak, who resigned as leader of the Conservative Party last year following a landslide defeat to Labour in the 2024 general election, will now work closely with Goldman Sachs executives to advise clients on geopolitical and economic matters. The role is his most high-profile move since stepping down from frontline politics.
Goldman Sachs CEO David Solomon welcomed the former prime minister’s appointment, stating Sunak would “spend time with our people around the world, contributing to our culture of ongoing learning and development.”
Sunak’s appointment brings him back to familiar territory. He first joined Goldman Sachs in 2001 as a junior analyst, following a summer internship during his time at Oxford University. He remained at the bank until 2004 before moving into hedge funds, including TCI and Theleme Partners.
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While Sunak continues to serve as MP for Richmond and Northallerton, he has maintained a low public profile since the Conservative Party’s dramatic fall from 365 seats in 2019 to 121 in 2024, their worst performance in a century. He has indicated he will remain on the backbenches for the duration of the current parliament.
Earlier this year, Sunak also took up academic roles at Oxford University and Stanford University. According to the Sunday Times Rich List, Sunak and his wife Akshata Murty have an estimated combined net worth of £640 million, driven largely by Murty’s stake in Indian tech giant Infosys.
Goldman Sachs confirmed that Sunak’s compensation for the advisory role will be donated to the Richmond Project, a charitable initiative he and Murty launched to boost numeracy skills across the UK.
