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Former UK PM Rishi Sunak returns to Goldman Sachs in senior advisory role

Rishi Sunak, who remains a Conservative MP for a constituency in northern England, first worked at Goldman Sachs as an analyst in the early 2000s before moving into hedge funds.

Sunak, who remains a Conservative MP for a constituency in northern England, first worked at Goldman Sachs as an analyst in the early 2000s before moving into hedge funds. (AP)

Former UK Prime Minister Rishi Sunak is rejoining Goldman Sachs in a senior advisory position, the Wall Street giant announced on Tuesday, marking a return to his financial roots just a year after leading the Conservative Party to its most crushing electoral defeat in over a century.

Sunak, who remains a Conservative MP for a constituency in northern England, first worked at Goldman Sachs as an analyst in the early 2000s before moving into hedge funds. He left finance for politics in the 2010s, eventually serving as Chancellor of the Exchequer and then Prime Minister.

Goldman Sachs CEO David Solomon said Sunak would “work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape,” Reuters reported.

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Also read | Who is Rishi Sunak, UK’s first Indian-origin PM?

Sunak’s return to Goldman comes after months of relative quiet following his resignation as Conservative Party leader in July 2024. Since then, he has taken up academic roles at Oxford and Stanford universities. His re-entry into the financial sector continues a well-trodden path for former British politicians leveraging their policy experience and global networks in the world of finance.

Sunak’s wealth and privileged background, including his marriage to Akshata Murty—the daughter of Infosys co-founder Narayana Murthy—drew scrutiny during his political career, with critics arguing he was out of touch with ordinary Britons.

He now joins a growing list of former UK finance ministers entering the private sector: George Osborne joined BlackRock and advisory firm Robey Warshaw, while Sajid Javid became a partner at investment firm Centricus.

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