Josh Frydenberg has been named as the chair of the investment bank Goldman Sachs' Australian business, a position he will assume on Wednesday, according to official statements. This appointment comes after his tenure as an adviser to the firm, which started last year.
Frydenberg's role will include "deepening and strengthening client coverage across the Australia and New Zealand region," as per Goldman Sachs' statement. In addition, Frydenberg is expected to continue offering advice on economic and geopolitical issues in his capacity as the firm's senior regional advisor for Asia Pacific.
Prior to joining Goldman Sachs, Frydenberg served in several senior positions within the Australian government. He was elected to parliament in 2010 and held roles including minister for environment and energy before his appointment as treasurer in 2018. His tenure as treasurer was marked by his leadership throughout the pandemic under the Morrison government.
However, his political career took a turn when he lost his Liberal seat of Kooyong in Melbourne to teal independent Monique Ryan last year, which led him to transition into the finance industry with Goldman Sachs. His appointment as chair signifies a notable step in his career within the investment banking sector.
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