Rishi Sunak’s Westminster to Wall St move is not a case of “jobs for the boys”, it’s a calculated, strategic hire by a firm that understands the real value of political experience in a volatile, interconnected world, says Tim Focas

When former UK prime minister Rishi Sunak steps into his new role as senior adviser at Goldman Sachs, the public reaction will be predictable. You can almost hear people shout “another Tory cashing in on City contacts”. But dismissing Sunak’s appointment as merely “jobs for the boys” is both lazy and misses the reality of why financial institutions consistently court high-profile political figures – and what they stand to gain.

Goldman Sachs, like other global investment banks, is not hiring Sunak for nostalgia’s sake. Yes, Sunak cut his teeth at Goldman in the early 2000s, but his value today lies not in spreadsheet acumen. Rather, it is in the unique and powerful pincer movement of........

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