Frydenberg finds new role at Goldman Sachs
Former Treasurer, Josh Frydenberg, has taken a new job at Goldman Sachs.
Frydenberg lost his seat in Kooyong to independent candidate Monique Ryan in the last Federal Election earlier this year while the Liberals lost Parliament, leaving Frydenberg without a job. He had previously been tipped to take over leadership of the party from Scott Morrison.
He had now taken a job as a senior regional adviser for Asia-Pacific at global investment bank Goldman Sachs.
This was his second investment banking role, having worked as director of investment banking at Deutsche Bank prior to starting his political career.
In a statement, Goldman Sachs said Frydenberg had been appointed for his “deep public and private sector experience, connectivity and insight”.
Kevin Sneader, co-president of Goldman Sachs in Asia Pacific ex Japan, said: “We are fortunate to bring to Goldman Sachs a person of Josh’s deep public and private sector experience, connectivity, and insight. His significant understanding of geopolitical and economic issues will bring considerable value to our clients across the region and beyond”.
“Our Australian clients will greatly benefit from Josh’s insights and expertise that have been gained from an impressive career which includes experience and perspectives across a range of sectors,” said Simon Rothery, chief executive for Goldman Sachs in Australia and New Zealand.
AUTHOR
Laura Dew
Recommended for you
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
Culture clashes and differing management styles are among the reasons why, recruiters tell Money Management, they see employees changing jobs post-M&A activity.
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
