Latest news with #RichmondProject
Time of India
09-07-2025
- Business
- Time of India
Rishi Sunak joins Goldman Sachs as adviser, to give his salary to charity; this condition set for his appointment
Former UK Prime minister has joined Goldman Sachs as a senior adviser. In his new role, Sunak will advise Goldman Sachs executives and clients on geopolitical and economic issues. Tired of too many ads? go ad free now According to a report by Financial Times, Sunak will donate his salary from the role to a UK charity focused on education. Sunak's earnings will go to the Richmond Project, a charity he runs with his wife Akshata Murty, which works to improve numeracy skills in the UK, the report adds. The appointment marks Sunak's return to the investment bank where he began his career more than two decades ago. He worked at Goldman Sachs as a summer intern and junior analyst between 2001 and 2004. This is Sunak's first major role since stepping down as leader of the Conservative Party following the party's defeat in the July 2024 UK general election. The party lost more than two-thirds of its seats, falling from 365 to just 121. Sunak resigned shortly after the results were announced. He served as Prime Minister from October 2022 to July 2024. What Goldman Sachs CEO said on Rishi Sunak's appointment Speaking on Sunak's return, Goldman Sachs CEO David Solomon said 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser'. He continued: "In his role, he will 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. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.' Rishi Sunak's wealth and career background According to the Sunday Times Rich List, Sunak and his wife Akshata Murty have a combined estimated net worth of £640 million, with most of the wealth linked to Murty's stake in Infosys, founded by her father, . Before entering politics in 2015, Sunak worked in finance and hedge funds. After leaving Goldman Sachs in 2004, he joined the hedge fund TCI and later helped launch Theleme Partners.
New Indian Express
09-07-2025
- Business
- New Indian Express
UK's former PM Rishi Sunak rejoins banking world, takes charge as Senior Adviser at Goldman Sachs Group
It also noted that the salary from his new job would go towards the Richmond Project, a charity announced earlier this year as a joint initiative with Murty focussed on improving the mathematics and numeracy skills among children and young people in England. Goldman Sachs has a significant interest in UK government policy. As the former Prime Minister, there is a reasonable concern that your appointment could be seen to offer unfair access and influence within the UK government, reads the advice of the committee published this week. You and Goldman Sachs have confirmed to the committee that the role will not involve lobbying the government, which all former ministers are prevented from doing for two years on leaving office. The committee considered that it would be difficult to mitigate the risk of perceived lobbying if you initiated engagement of any kind with the UK government in this role, noting this is not your stated intention, it notes. Under the stipulations, Sunak is required not to draw on any privileged information available to him from his time in ministerial office. For two years from your last day in ministerial office, your role with the Goldman Sachs Group Inc should be limited to providing advice on strategy, macroeconomic and geopolitical matters that do not conflict with your time as Prime Minister (including where you are working with parent companies, subsidiaries, partners and clients of Goldman Sachs), the committee adds. It highlights that the advice was not an endorsement of Sunak's new role but is aimed at protecting the integrity of the government. The publication of the committee's decision coincided with Goldman Sachs issuing a statement to welcome the British Indian politician, who continues in his role as a backbench Conservative Party MP for Richmond and Northallerton. In his role, he will 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. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development, said Goldman Sachs Chairman and CEO David Solomon. Sunak previously worked at Goldman Sachs as a summer intern in Investment Banking in 2000 and later as an analyst between 2001 and 2004. His career in politics started when he was elected Tory MP in 2015 and went on to be appointed a junior minister, Chancellor of the Exchequer before taking charge as Britain's first prime minister of Indian heritage in October 2022
Economic Times
08-07-2025
- Business
- Economic Times
Former UK PM Rishi Sunak to join Goldman Sachs as senior adviser: Report
Former British Prime Minister Rishi Sunak visits the Bacton Gas Terminal in north Norfolk, Britain November 6, 2023. Synopsis Rishi Sunak, former UK Prime Minister, is returning to Goldman Sachs. He will be a senior advisor. Sunak previously worked at Goldman Sachs. He will advise on geopolitical and economic issues. David Solomon, Goldman Sachs CEO, welcomes Sunak. Sunak will also contribute to the firm's learning culture. He will donate his earnings to the Richmond Project. Former UK Prime Minister Rishi Sunak is set to return to Wall Street as he joins Goldman Sachs in the role of senior adviser, according to a report by the Financial Times published on Tuesday. ADVERTISEMENT This marks Sunak's first major professional move since stepping down as Conservative Party leader following the July 2024 general election. The role represents a homecoming of sorts for Sunak, who began his career at Goldman Sachs as a summer intern and junior analyst between 2001 and 2004. According to the Financial Times, he will now advise the firm's leadership and clients on geopolitical and economic issues. 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser,' Goldman Sachs CEO David Solomon told the Financial Times. 'He will work with Goldman executives to advise clients on geopolitical and economic issues. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.' Sunak, who remains the MP for Richmond and Northallerton, has mostly stayed out of the public spotlight since the Conservative Party's landslide defeat in the 2024 general election, where the party fell from 365 seats in 2019 to just 121—its worst result in a century. Sunak resigned as Britain's Prime Minister and party leader shortly after the results were declared. ADVERTISEMENT Sunak served as UK prime minister from October 2022 to July 2024, taking office after Liz Truss's short-lived tenure and leading Britain through a period marked by economic strain, industrial unrest, and rising global tensions. His decision to call a snap election in July 2024 proved disastrous, handing Labour a historic victory and bringing an abrupt end to his leadership. ADVERTISEMENT Earlier this year, Sunak accepted roles at Oxford University and Stanford University, but has said he will continue to serve in Parliament from the backbenches for the remainder of this term. Sunak and his wife, Akshata Murty, have a combined net worth of £640 million, according to the Sunday Times Rich List. Most of their wealth comes from Murty's stake in Infosys, the Indian tech giant co-founded by her father, Narayana Murthy. ADVERTISEMENT The Financial Times reported that Sunak will donate his earnings from Goldman Sachs to the Richmond Project, a charity he and his wife established to improve numeracy skills in the UK. After leaving Goldman Sachs in 2004, Sunak worked for the hedge fund TCI, founded by billionaire Chris Hohn, and later at its spin-off, Theleme Partners, before entering politics in 2015. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
Time of India
08-07-2025
- Business
- Time of India
Former UK PM Rishi Sunak to join Goldman Sachs as senior adviser: Report
Rishi Sunak, former UK Prime Minister, is returning to Goldman Sachs. He will be a senior advisor. Sunak previously worked at Goldman Sachs. He will advise on geopolitical and economic issues. David Solomon, Goldman Sachs CEO, welcomes Sunak. Sunak will also contribute to the firm's learning culture. He will donate his earnings to the Richmond Project. Tired of too many ads? Remove Ads First major role since political defeat Tired of too many ads? Remove Ads Former UK prime minister Rishi Sunak is set to return to Wall Street as he joins Goldman Sachs in the role of senior adviser, according to a report by the Financial Times published on marks Sunak's first major professional move since stepping down as Conservative Party leader following the July 2024 general role represents a homecoming of sorts for Sunak, who began his career at Goldman Sachs as a summer intern and junior analyst between 2001 and 2004. According to the Financial Times, he will now advise the firm's leadership and clients on geopolitical and economic issues.'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser,' Goldman Sachs CEO David Solomon told the Financial Times. 'He will work with Goldman executives to advise clients on geopolitical and economic issues. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.'Sunak, who remains the MP for Richmond and Northallerton, has mostly stayed out of the public spotlight since the Conservative Party's landslide defeat in the 2024 general election, where the party fell from 365 seats in 2019 to just 121—its worst result in a resigned as Britain's Prime Minister and party leader shortly after the results were served as UK prime minister from October 2022 to July 2024, taking office after Liz Truss's short-lived tenure and leading Britain through a period marked by economic strain, industrial unrest, and rising global decision to call a snap election in July 2024 proved disastrous, handing Labour a historic victory and bringing an abrupt end to his this year, Sunak accepted roles at Oxford University and Stanford University, but has said he will continue to serve in Parliament from the backbenches for the remainder of this and his wife, Akshata Murty, have a combined net worth of £640 million, according to the Sunday Times Rich List. Most of their wealth comes from Murty's stake in Infosys , the Indian tech giant co-founded by her father, Narayana Financial Times reported that Sunak will donate his earnings from Goldman Sachs to the Richmond Project, a charity he and his wife established to improve numeracy skills in the leaving Goldman Sachs in 2004, Sunak worked for the hedge fund TCI, founded by billionaire Chris Hohn, and later at its spin-off, Theleme Partners, before entering politics in 2015.
Time of India
16-06-2025
- Business
- Time of India
How to become global leaders? Rishi Sunak-Akshata Murty share their mantra as couple returns to Stanford 19 years later
Rishi Sunak and Akshata Murty returned to Stanford Graduate School of Business 19 years after meeting there as students, this time to deliver a joint commencement address. Drawing from their personal and professional journeys—from Stanford to Downing Street—they shared three key leadership lessons: balancing data with intuition, combining idealism with practical action, and focusing on purpose over outcomes, inspired by the idea of dharma. Tired of too many ads? Remove Ads Lesson One: Balancing Data with Instinct Lesson Two: Marrying Idealism with Pragmatism Tired of too many ads? Remove Ads Lesson Three: Leading Without Attachment to Outcomes A Call to Future Leaders Nearly two decades after they first met at Stanford Graduate School of Business, Rishi Sunak and Akshata Murty returned to deliver a joint commencement address—marking a rare moment in the school's history. The couple, now at the intersection of politics, philanthropy, and entrepreneurship, used the platform not only to reflect on their journey but to offer candid lessons on leadership drawn from their personal and professional Sunak, a former UK Chancellor and now the country's Prime Minister, began by acknowledging his deep-rooted belief in data and analysis—a trait that helped him navigate many high-pressure roles. He recalled how his understanding of statistical models, sharpened at Stanford, played a key role during the early days of the Omicron variant when he was tasked with making tough decisions about potential Sunak admitted that numbers alone weren't enough. He credited Akshata Murty with helping him see the limits of relying solely on spreadsheets. She encouraged him to value intuition and experience—especially in moments where data offered no clear answers. This combination, he said, allowed him to confidently push back against another lockdown, trusting not just models but also judgment shaped by values and Murty, an entrepreneur and philanthropist, spoke of her upbringing in India, where she was inspired to drive social change. At Stanford, her idealism often stood apart until she met Sunak, whose focus on implementation grounded her vision. She realized that transformation doesn't happen from dreams alone—it requires unglamorous, practical mindset shaped her initiatives like 'Lessons at 10,' a program to educate and inspire youth during their time at 10 Downing Street, and the 'Richmond Project,' which aims to build financial literacy among young people. Her message: lofty goals gain real-world impact only when tied to focused the couple emphasized a shared principle drawn from the Indian philosophy of dharma—doing one's duty without being attached to the result. They spoke about embracing this mindset during challenging times, including Sunak's initial defeat in his bid to lead the Conservative Party. That failure, though painful, allowed him to reconnect with his family before duty called again just weeks reminded him during that pivotal moment that stepping up was not about ambition but responsibility. That nudge helped Sunak return to Downing Street—not as a victor seeking reward, but as a leader answering a couple ended with a message to the Class of 2025: true leadership isn't defined by titles, but by learning from those around you. They urged graduates to seek out 'force multipliers'—people who challenge and sharpen one's thinking—and to respect the differences that shape stronger the first GSB couple to deliver a commencement address, and the first Stanford graduates to live at 10 Downing Street, Sunak and Murty expressed hope they won't be the last. 'The world needs leaders like you,' they told the graduates, urging them to go forward and shape a better future through wisdom, courage, and humility.
