Business

Rishi Sunak Returns to Banking, Donates Salary

Sunak returns to finance, advising Goldman on global economic issues

CityHilights

London

Former UK Prime Minister Rishi Sunak has returned to the banking sector as a Senior Adviser at Goldman Sachs, the firm he once worked for before entering politics. His salary from this role will be donated to the Richmond Project, a charity he and his wife Akshata Murty launched to boost maths skills among youth in England.

The appointment comes after the required 12-month cooling-off period since Sunak left office following the July 2024 general election. The UK Advisory Committee on Business Appointments approved the role with conditions to avoid any misuse of privileged information or unfair influence. The committee stressed that Sunak must not lobby the government or use insider knowledge gained during his time as Prime Minister.

Sunak's advisory work will focus on macroeconomic and geopolitical matters that do not overlap with his time in office. Goldman Sachs CEO David Solomon said Sunak will share his global insights and support learning across the firm.

Though he now returns to finance, Sunak remains a backbench Conservative MP. His new role reflects a continued public service approach, with earnings supporting education through his charity. Sunak’s career path has come full circle—from starting as an intern at Goldman Sachs in 2000 to now advising its global leadership while continuing to engage in political and charitable efforts.

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