UK Prime Minister Boris Johnson has named Indian-origin Rishi Sunak as the new finance minister. He has replaced Sajid Javid who resigned from the post of Chancellor of the Exchequer during the recent ministerial reshuffle by Johnson.
Sunak is married to the daughter of Infosys co-founder Narayana Murthy, Akshata Murthy. He is an affiliated with the British Conservative Party and has been a Member of Parliament for Richmond (Yorks) since October 2014.
Prior to being appointed as the Chancellor of the Exchequer, Sunak was the second in authority to the finance minister as the Chief Secretary to the Treasury and oversaw public spending.
Earlier, Sunak had worked as an analyst with Goldman Sachs. He later joined a hedge fund and went on to set up an investment firm. He was also the director in Narayana Murthy’s investment firm, Catamaran Ventures.
Sunak’s father was a doctor and his mother ran a chemist shop. Sunak attended the Winchester College prior to going on to study Philosophy, Politics and Economics at Oxford University. He holds an MBA from Stanford University in the United States, where he was a Fulbright scholar.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
