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Former UK Prime Minister Rishi Sunak returns to Goldman Sachs

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Rishi Sunak takes advisory role with Goldman Sachs while serving as MP

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Former Uk Pm Sunak Joins Goldman Sachs Adviser Financial Times Reports 2025 07 08

Wall Street Journal

Goldman Sachs Hires Former British Prime Minister Rishi Sunak F74Cb05

<span>The Advisory Committee on Business Appointments approved Sunak's role with significant restrictions, including a ban on lobbying the UK government until July 2026 and limitations on advising matters that overlap with his prime ministerial responsibilities. The committee cited risks that his appointment could offer unfair access and influence within the UK government.</span

GOV.UK

The Advisory Committee on Business Appointments approved Sunak's role with significant restrictions, including a ban on lobbying the UK government until July 2026 and limitations on advising matters that overlap with his prime ministerial responsibilities. The committee cited risks that his appointment could offer unfair access and influence within the UK government.

<span>Sunak's compensation from Goldman Sachs will be donated entirely to The Richmond Project, a charity he established with his wife to boost numeracy skills in the UK. The former prime minister initially sought approval for the position in May but was required to wait one year from his last day in ministerial office before assuming the role.</span

The Telegraph

Sunak's compensation from Goldman Sachs will be donated entirely to The Richmond Project, a charity he established with his wife to boost numeracy skills in the UK. The former prime minister initially sought approval for the position in May but was required to wait one year from his last day in ministerial office before assuming the role.

<span>The appointment comes after Sunak led the Conservative Party to its worst election defeat in a century, losing power after 14 years and seeing their parliamentary seats drop from 365 to just 121. Despite stepping down as party leader, Sunak remains a Member of Parliament for Richmond and Northallerton and has committed to serving the remainder of this parliamentary term.</span

The appointment comes after Sunak led the Conservative Party to its worst election defeat in a century, losing power after 14 years and seeing their parliamentary seats drop from 365 to just 121. Despite stepping down as party leader, Sunak remains a Member of Parliament for Richmond and Northallerton and has committed to serving the remainder of this parliamentary term.

<span>During Sunak's tenure as Prime Minister, his government implemented the Edinburgh Reforms, which introduced over 30 regulatory and tax changes aimed at enhancing the UK's financial services sector competitiveness post-Brexit. Goldman Sachs was among the first institutions to benefit from these reforms by removing caps on bankers' bonuses.</span

During Sunak's tenure as Prime Minister, his government implemented the Edinburgh Reforms, which introduced over 30 regulatory and tax changes aimed at enhancing the UK's financial services sector competitiveness post-Brexit. Goldman Sachs was among the first institutions to benefit from these reforms by removing caps on bankers' bonuses.

<span>The role represents a continuation of Sunak's extensive financial services background, having worked at Goldman Sachs early in his career before joining activist hedge fund TCI under billionaire Chris Hohn. Sunak and his wife Akshata Murty have an estimated combined wealth of £640 million, primarily from her stake in family business Infosys.</span

The role represents a continuation of Sunak's extensive financial services background, having worked at Goldman Sachs early in his career before joining activist hedge fund TCI under billionaire Chris Hohn. Sunak and his wife Akshata Murty have an estimated combined wealth of £640 million, primarily from her stake in family business Infosys.

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The timing raises serious questions about the revolving door between government and big finance. Sunak oversaw reforms that directly benefited Goldman Sachs, and now he's being rewarded with a lucrative advisory role. Even with restrictions, this creates an appearance of impropriety that undermines public trust in political integrity.

<span>The timing raises serious questions about the revolving door between government and big finance. Sunak oversaw reforms that directly benefited Goldman Sachs, and now he's being rewarded with a lucrative advisory role. Even with restrictions, this creates an appearance of impropriety that undermines public trust in political integrity.</span>

Rishi Sunak returns to Wall Street bank he joined as intern

Advice Letter: Rishi Sunak, Member of the Group of Senior Advisers, The Goldman Sachs Group, Inc

Sunak Returns to Goldman Sachs as Senior Adviser

Sunak Returns to Goldman Sachs as Senior Adviser

Rishi Sunak takesReturns advisoryto role with Goldman Sachs whileas servingSenior as MPAdviser

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Sunak Returns to Goldman Sachs as Senior Adviser

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