New job for Josh: Frydenberg’s golden opportunity

Jul 22, 2022
Josh Frydenberg lands new job. Source: Getty

Former Treasurer Josh Frydenberg has turned his hand to banking after his career in politics came to an end when he lost his seat of Kooyong in the 2022 Federal Election.

Leading global financial institution, Goldman Sachs, announced on July 21 that Frydenberg will be lending his expertise to the company with his latest appointment as Senior Regional Advisor for Asia Pacific.

In a statement released by the investment bank, Frydenberg said he was eager to start his new role.

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

“I look forward to joining the team and contributing to the firm’s leadership, its global capability, and its strength of client franchise.”

President of Goldman Sachs in Asia Pacific Ex-Japan, Kevin Sneader said the ex-Treasurer will be a valuable asset to the company.

“We are fortunate to bring to Goldman Sachs a person of Josh’s deep public and private sector experience, connectivity, and insight,” Sneader said.

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

Chief Executive Officer for Goldman Sachs in Australia and New Zealand, Simon Rothery, said: “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.”

Since the announcement of his new role, Frydenberg has faced criticism with many bringing up his $60 billion miscalculation in JobKeeper payments while he was Treasurer.

Conversely, Goldman Sachs said Frydenberg’s past experience in “effective economic management” will make him a great addition to their team.

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