Josh Frydenberg takes job with Goldman Sachs after former treasurer loses Kooyong to Monique Ryan

Josh Frydenberg has taken up a new position at leading investment banking firm Goldman Sachs following his election defeat to teal independent Monique Ryan.

The former federal treasurer was announced as the company’s Asia Pacific senior advisor in a media release on Thursday.

Mr. Frydenberg said: “I am delighted to be joining Goldman Sachs, a renowned M&A and capital markets consulting firm for clients globally.

‘I look forward to joining the team and contributing to the company’s leadership, global capabilities and client franchise power.’

Former treasurer Josh Frydenberg (pictured with wife Amie at the Midwinter Ball) took a job at investment banking firm Goldman Sachs following his election defeat in May

Goldman Sachs Co-Chairman of Asia Pacific Ex-Japan Kevin Sneader said the company is delighted to have Mr. Frydenberg.

“We are fortunate to bring to Goldman Sachs someone with Josh’s experience, connections, and insight into the public and private sectors,” he said.

‘His remarkable understanding of geopolitical and economic issues will deliver significant value to our clients across the region and beyond.

‘Our Australian clients will greatly benefit from Josh’s insights and expertise gained from an impressive career that includes experience and perspectives in many fields. .’

Mr Frydenberg has been appointed as the company’s new Asia Pacific senior advisor (pictured, Goldman Sachs Melbourne office)

Teal independent Monique Ryan (pictured) won the Kooyong seat in the May election, ending Mr Frydenberg’s 12-year reign as a member of the Melbourne-based constituency

Mr. Frydenberg lost his Kooyong seat after the May 21 election to teal independent Monique Ryan.

He has held the Melbourne-based electorate since August 2010.

In a statement, the former treasurer said he called Dr Ryan to announce the defeat and congratulate her.

‘I called Dr Monique Ryan today to congratulate her on the election results in Kooyong and wish her well for her upcoming term. “

‘It has been an incredible privilege to have served as a local member for the past 12 years.’

Mr Frydenberg is one of many senior Liberals to lose their safety seat, blue ribbon to so-called blue independents in the election.

His defeat in Kooyong was the first time the seat had not been represented by the Liberal Party since it was founded in the 1940s.