Josh Frydenberg is the latest politician to prove that there’s a life after politics in investment banking, as he takes on the role as senior adviser to Goldman Sachs.
Paul Keating became chairman of Lazard Australia after serving as prime minister, while former NSW premier Nick Greiner was chairman of Rothschild Australia and former finance minister Lindsay Tanner became an adviser to Lazard in the aftermath of politics.
And if it’s not investment banking a number of former senior politicians turn to, it’s the private equity world or the corporate arena.
Malcolm Turnbull became a senior global adviser to KKR after serving as prime minister, while former NSW premiers, Mike Baird and Gladys Berejiklian became an executive of NAB and Optus respectively.
Mr Frydenberg takes on the role as an adviser to Goldman Sachs in the Asia Pacific region.
He had an extended career in investment banking before his life in politics, which ended after he was toppled by independent MP Monique Ryan in the recent federal election contest to be the Member of Parliament for Melbourne’s Kooyong electorate.
Before entering politics, he was Director of Global Banking at Deutsche Bank.
Mr Frydenberg was elected to the Australian Parliament in 2010 as the Member for Kooyong and the Deputy Leader of the Liberal Party and Australian treasurer in 2018.
Other portfolios include Minister for the Environment and Energy, Minister for Resources, Energy and Northern Australia, Assistant Treasurer and he has been Parliamentary Secretary to the Prime Minister since the 2013 election.
Mr Frydenberg has Law and Economics degrees, both with Honours, from Monash University and he completed his articles of clerkship at Mallesons Stephen Jacques.
He holds a Masters in International Relations from Oxford University which he attended on a Commonwealth
Scholarship and he later obtained a Masters in Public Administration from Harvard.
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