Josh Frydenberg lines up new job two months after election loss

Josh Frydenberg has landed himself a new gig after he was sensationally booted from the federal parliament two months ago.

Josh Frydenberg has landed himself a new job just two months after being ousted from parliament.

He is set to join investment bank Goldman Sachs as a senior regional adviser for the Asia Pacific.

In a statement, the company said Mr Frydenberg was “widely recognised for his effective management and leadership of the country’s economy during the Covid-19 pandemic”.

Mr Frydenberg said he looked forward to joining the team.

“I am pleased to join Goldman Sachs, which is the pre-eminent mergers and acquisitions and capital markets adviser to clients globally,” he said.

Former Treasurer Josh Frydenberg (pictured with his family) has taken up a new job with Goldman Sachs after it was rumoured he could become the next AFL boss. Picture: Rebecca Michael.

Co-President of Goldman Sachs in Asia Pacific Ex-Japan, Kevin Sneader, said the company was fortunate to have the former treasurer joining their ranks.

“His significant understanding of geopolitical and economic issues will bring considerable value to our clients across the region and beyond,” he said.

There has been significant interest in what the ex-politician’s next move would be after earlier speculation he could be in line to become the next AFL boss.

When asked last month, Mr Frydenberg remained tight-lipped about the rumours, but didn’t outrightly deny them.

“All I’m saying is that I’m going into the private sector,” he told SEN at the time.

There was speculation he could become the AFL’s next boss. Picture: David Caird

“I’m looking at different private sector options and I’ve got a lot of options.”

Mr Frydenberg, who entered parliament in 2010, lost his seat two months ago after being defeated by independent Monique Ryan.

He saw a swing of more than 10 per cent against him on a two-party preferred basis in the electorate.

His loss marked the first time the seat of Kooyong had fallen out of Liberal hands since its inception in 1944.

It took the ex-politician two days to concede defeat to Dr Ryan as he held onto hope that postal votes could fall in his favour.

At the time he said he was looking forward to spending more time with his family.