Former treasurer Josh Frydenberg gets a job at Goldman Sachs

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Former treasurer Josh Frydenberg has a new job at investment bank Goldman Sachs just two months after losing his seat at the federal election.

Sir. Frydenberg lost the previously safe Liberal seat of Kooyong to independent candidate Monique Ryan, who was part of a “blue-green” wave that helped sweep the Coalition from government.

Goldman Sachs has confirmed that the man who was once in charge of the Australian government’s finances during the COVID-19 pandemic would now take a role with it as a senior regional adviser for the Asia-Pacific region.

“We are fortunate to bring to Goldman Sachs someone with Josh’s deep public and private sector experience, connections and insight,” Kevin Sneader, co-president of Goldman Sachs Asia-Pacific ex-Japan, said in a statement.

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

Sir. Frydenberg is no stranger to the world of investment banking, having previously worked for Deutsche Bank before entering parliament.

The former treasurer, who in that role was also responsible for giving final approval to major overseas mergers or acquisitions of Australian firms, said he is delighted to be joining the bank.

“I am pleased to join Goldman Sachs, which is the preeminent M&A and capital markets advisor to clients globally,” he said in a statement.

“I look forward to joining the team and contributing to the firm’s leadership, its global capabilities and its strength in the customer franchise.”

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