Former Prime Minister Rishi Sunak has joined Goldman Sachs as a senior advisor.
Sunak, who resigned as PM in July 2024, will work part -time to advise the bank customers with his “unique approach and insight” on global politics and economy.
He remains a conservative MP for Richmond and Northlorton in Yorkshire.
The fanas first worked in the bank as an analyst before entering politics in the early 2000s.
Godman Sachs President and CEO David Solomon said he was “excited to welcome the sage” for the firm.
Solomon said that along with advising customers, Sunak “will spend time with our people around the world, contributes to our culture of ongoing learning and development”.
Sunak’s salary will be donated to the Richmond Project, a charity that he established earlier this year with his wife Akshat Muri to improve numericality in the UK.
Advisory Committee on Business Appointments (ACOBA), which should sign the jobs taken by former ministers for two years after leaving the post, Sunak’s new role presented many risks Goldman Sachs may benefit from unfair access to information due to the Prime Minister at his time.
They will not be allowed to advise other governments or their sovereign money funds for the bank, or customers would be advised to have the Prime Minister, while they were treated directly.
He cannot even advocate the UK government on behalf of the bank.
ACOBA said that Sunak first spent 14 years working in the financial services sector, before he became an MP, including Goldman Sachs.
He joined the bank as an intern in 2000 before working as an analyst from 2001 to 2004.
He later co-established an international investment firm.
The first selected as an MP in 2015, Sunak served as the Chancellor of Boris Johnson during the Kovid epidemic.
He became a domestic name while announcing plans like furls at the epidemic-era press conferences.
His Resignation as Chancellor in July 2022 Johnson’s government collapsed.
After a brief mantra of Liz Trus in number 10, Sunak became Prime Minister in October 2022. He played a role till July 2024, when he led the conservatives for his biggest electoral defeat in history.
Job is the latest role in Goldman Sachs, which has been taken since the fan of the Prime Minister has left the post.
In January, he attended the Blavonic School of Government at Oxford University, as well as a Hoover Institution at Stanford University in the US. They are not paid for any of these roles.
However, more than £ 500,000 has been paid from April to give him an engagement of three speaking.
Former Prime Minister often joins speaker agencies to interact in major companies or dinner programs.
