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Josh Frydenberg’s surprise new job revealed

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·Personal Finance Editor
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Josh Frydenberg smiling and crossing his arms in parliament.
Josh Frydenberg is set to join Goldman Sachs. (Source: Getty)

Former federal treasurer Josh Frydenberg has landed himself a brand new job after losing his seat in parliament at the federal election.

International investment bank giant Goldman Sachs announced the appointment of Josh Frydenberg as senior regional adviser for Asia-Pacific.

Goldman Sachs said Frydenberg had had a “distinguished political career” and mentioned his leadership of the country’s economy during the COVID-19 pandemic.

“We are fortunate to bring to Goldman Sachs a person of Josh’s deep public- and private-sector experience, connectivity and insight,” Goldman Sachs Asia Pacific Ex-Japan co-president Keven Sneader said.

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

CEO of Goldman Sachs Australia and New Zealand Simon Rothery said he was pleased to welcome Frydenberg into the role.

“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,” Rothery said.

Frydenberg has a law and economics degree with honours from Monash University, as well as a masters degree in international relations from Oxford University.

He later obtained a masters in public administration from Harvard University’s Kennedy School of Government.

Frydenberg was a senior adviser to former prime minister John Howard and was also previously a director of global banking at Deutsche Bank.

“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.”

Goldman Sachs delivers a broad range of financial services across investment banking, securities, investment management and consumer banking.

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