The former United Kingdom’s Prime Minister, Rishi Sunak, has taken up a senior adviser role at Goldman Sachs—his first major appointment since resigning as Conservative leader after Labour’s sweeping election victory last July.

The move brings him back to the investment bank where he began his career in 2001.

“I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a Senior Advisor,” Goldman Sachs chairman and CEO David Solomon said in a statement.

“In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape.

He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.”

Sunak, who continues to serve as the MP for Richmond and Northallerton, was prime minister from October 2022 until July 2025, when Labour’s Keir Starmer won a decisive election victory.

Elected to Parliament in 2015, Sunak gained national prominence as chancellor during the COVID-19 pandemic and resigned from Boris Johnson’s government in July 2022.

In a letter released on Monday, the government appointments watchdog cautioned that Sunak’s new role at Goldman Sachs could significantly overlap with information he had access to while in office.

It noted that, as prime minister, he may have been exposed to “a range of high-level sensitive information on more or less all government-related matters.”

Consequently, Acoba has placed limitations on Sunak’s new role, prohibiting him from lobbying the U.K. government on Goldman Sachs’ behalf for a period of 12 months.

“Goldman Sachs has a significant interest in UK government policy. As the former Prime Minister, there is a reasonable concern that your appointment could be seen to offer unfair access and influence within the UK government,” Acoba wrote.