Former treasurer Josh Frydenberg landed a senior job at a global investment firm after he walked out of politics two months ago when he was ousted by a teal independent.
He was appointed Senior Regional Advisor for Asia-Pacific by Goldman Sachs.
Mr. Frydenberg announced the news through a joint statement with the company.
“I am delighted to join Goldman Sachs as the leading M&A and capital markets advisor to clients around the world,” he said Thursday.
“I look forward to joining the team and contributing to the company’s leadership, global capability and customer franchise strength.”
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Kevin Sneader, co-chairman of Goldman Sachs in Asia Pacific ex-Japan, praised Mr. Frydenberg’s credentials.
He thinks Australian customers will appreciate the former treasurer’s financial knowledge and experience that he will bring to the business.
“We are fortunate to bring to Goldman Sachs someone with Josh’s deep experience, connectivity and insight in both the public and private sectors. His deep understanding of geopolitical and economic issues will bring tremendous value to our clients across the region and beyond,” he said.
Simon Rothery, CEO of Goldman Sachs in Australia and New Zealand, echoed the remarks and referred to his “expertise” of his portfolios as Treasurer, Minister for Environment and Energy and Minister for Resources, Energy and Northern Australia.
The father-of-two has degrees in law and economics – both with honors from Monash University – and holds a master’s degree in international relations from Oxford University.
He also later earned a master’s degree in public administration from Harvard University’s Kennedy School of Government.
It was reported last month that Mr Frydenberg was set to land his first role outside of politics to become the next AFL boss and replace outgoing CEO Gillion McLachlan.
The 50-year-old – who is a well-known Carlton fan – was tight-lipped about the potential nomination when asked about the suggestion.
“All I’m saying is I’m going into the private sector,” he told SEN sports radio.
“I’m not commenting on anything. All I’m saying is I’m looking at different options from the private sector and I have a lot of options.”
Rumors also swirled in June of a return to politics in the future with the help of the Liberal Party to challenge either its former Kooyong seat or the electorate potentially held by Higgins Labor in Melbourne.
The former politician formally handed over his Melbourne seat in Kooyong to Climate 200-backed independent Dr Monique Ryan two days after the May 21 election and said he was looking forward to spending more time with his family.
“It has been an incredible privilege to have been a member of the Local for the past 12 years. Kooyong is where I grew up and where, with my wife Amie, we are raising our family,” he said in a video posted to Twitter.
Mr Frydenberg said he gave ‘everything’ at work every day and was ‘inspired’ by the locals he met throughout his long political career.
“We have accomplished so much together,” he said.
“It is their contribution that makes our community great.
“A community whose diversity, tolerance and values reflect the best of Australia. I would like to thank everyone I have had the pleasure of working with locally.”