Investment banker Frydenberg may return to politics

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OPINION: Josh Frydenberg is copying other former treasurers Paul Keating and Peter Costello in making the switch to business. The difference is Frydenberg might end up back in politics.

as senior regional adviser for Asia Pacific, the former federal treasurer made clear he might only be available for three years.

Rothery says he has been joking with Frydenberg that “once he starts at Goldman Sachs he’ll never want to leave. But I think he’s been pretty clear on the record that he is open-minded [about returning to politics].” In choosing to join Goldman Sachs as a senior adviser, Frydenberg was following in the footsteps of other politicians who made the switch to banking including Paul Keating who joined Lazard and Warwick Smith, who joined Macquarie.

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He's worked at Deutsche Bank (cough). Voted against the Banking Royal Commission 26 times, reduced the powers of ASIC and now is being trusted in another bank. Good luck to Goldman Sachs.

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