Former Goldman Sachs officials have held a top G-7 position almost continuously since 2005.
- Goldman Sachs has a big reputation of alumni who have held top government roles—and with the new British prime minister, the tradition is continuing.
- The UK’s upcoming prime minister adds to the long line of Goldman Sachs employees to hold top G-7 jobs.
- Since the end of 2005, there have been only days in which a Goldman Sachs alumnus didn’t hold the position of prime minister, finance minister or central bank chief in a G-7 country, according to Bloomberg writers Simon Kennedy and Demetrios Pogkas.
- With the upcoming instatement of Rishi Sunak Goldman continues to have a strong line in government roles.
Why it’s news
Goldman Sachs is a leading global investment bank that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals, according to the company website.
The company has a long list of notable alumni and many have played a role as a government official. Since December of 2005 there has always been a Goldman Sachs alumnus serving as a G-7 prime minister, finance minister, or central bank chief.
The G-7 is a grouping of the world’s most advanced economies including: Canada, France, Germany, Italy, Japan, the United Kingdom, the U.S., and the European Union.
Rishi Sunak is the UK’s prime minister—making him the newest addition to Goldman’s long line of G-7 government alumni.