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rishi_sunak [2022/10/29 02:33] liam [Politics] | rishi_sunak [2022/12/17 16:13] (current) pamela [Early life] |
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| **Rishi Sunak** is a British politician and investment banker based in [[united_kingdom:england:London]], [[united_kingdom:England]]. He is currently serving as the Prime Minister of the [[United Kingdom]]. | **Rishi Sunak** is a British politician and investment banker based in [[united_kingdom:england:London]], [[united_kingdom:England]]. He is currently serving as the [[:Prime Minister]] of the [[:United Kingdom]]. |
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| ===== History ===== | ===== History ===== |
| ==== Early life ==== | ==== Early life ==== |
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| Sunak was born May 12, 1980 in [[united_kingdom:england:Southampton]], [[united_kingdom:England]] at [[Southampton General Hospital]].((Slade, D. (2020, November 12). //Rishi Sunak’s Southampton childhood described in Lord Ashcroft biography.// Daily Echo. https://web.archive.org/web/20221024165656/https://www.dailyecho.co.uk/news/18865935.amp/)) His parents were born in the [[africa|African]] countries of [[africa:Tanzania]] and [[africa:Kenya]], their own parents having previously emigrated from [[asia:India]]. The pair separately emigrated to England, where they met and married.((Wallenfeldt, J. (2022, October 25). //Rishi Sunak | Biography, Wife, & Net Worth.// Britannica. https://web.archive.org/web/20221027205759/https://www.britannica.com/biography/Rishi-Sunak)) His father worked for the [[National Health Service]] (NHS), while his mother operated a pharmacy that later employed Sunak as a bookkeeper. | Sunak was born May 12, 1980 in [[united_kingdom:england:Southampton]], [[united_kingdom:England]] at [[:Southampton General Hospital]].((Slade, D. (2020, November 12). //Rishi Sunak’s Southampton childhood described in [[:Lord Ashcroft]] biography.// Daily Echo. https://web.archive.org/web/20221024165656/https://www.dailyecho.co.uk/news/18865935.amp/)) His parents were born in the [[africa|African]] countries of [[africa:Tanzania]] and [[africa:Kenya]], their own parents having previously emigrated from [[asia:India]]. |
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| | The pair separately emigrated to England, where they met and married.((Wallenfeldt, J. (2022, October 25). //Rishi Sunak | Biography, Wife, & Net Worth.// Britannica. https://web.archive.org/web/20221027205759/https://www.britannica.com/biography/Rishi-Sunak)) His father worked for the [[:National Health Service]] ([[:NHS]]), while his mother operated a pharmacy that later employed Sunak as a bookkeeper. |
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| ==== Education and early career ==== | ==== Education and early career ==== |
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| Sunak attended [[Winchester College]], an elite private school that has produced a number of very powerful people over the years. He served as “head boy” while attending.((Butcher, S. (2020, February 14). //Precocious 39 year-old ex-Goldman Sachs analyst gets lucky.// eFinancialCareers. https://www.efinancialcareers.co.uk/news/2020/02/rishi-sunak-banker)) He then went to [[University of Oxford]]’s [[Lincoln College]]. | Sunak attended [[:Winchester College]], an elite private school that has produced a number of very powerful people over the years. He served as “head boy” while attending.((Butcher, S. (2020, February 14). //Precocious 39 year-old ex-Goldman Sachs analyst gets lucky.// eFinancialCareers. https://www.efinancialcareers.co.uk/news/2020/02/rishi-sunak-banker)) He then went to [[University of Oxford]]’s [[:Lincoln College]]. |
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| After graduating in 2001, Sunak was hired as an analyst by [[Goldman Sachs]]. He worked there until 2004, at which point he travelled to the [[United States]] to earn his MBA from the [[Stanford Graduate School of Business]] in 2006 as a [[fulbright_program|Fulbright Scholar]]. Interestingly, it would seem at least some of his professors at Stanford don’t have any memory of him attending.((James, E. (2022, October 24). //Rishi Sunak studied at Stanford but NONE of his professors recall him.// Daily Mail. https://www.dailymail.co.uk/news/article-11349439/Rishi-Sunak-studied-Stanford-NONE-professors-remember-him.html)) | After graduating in 2001, Sunak was hired as an analyst by [[:Goldman Sachs]]. He worked there until 2004, at which point he travelled to the [[United States]] to earn his MBA from the [[:Stanford]] Graduate School of Business in 2006 as a [[fulbright_program|Fulbright Scholar]]. Interestingly, it would seem at least some of his professors at Stanford don’t have any memory of him attending.((James, E. (2022, October 24). //Rishi Sunak studied at Stanford but NONE of his professors recall him.// Daily Mail. https://www.dailymail.co.uk/news/article-11349439/Rishi-Sunak-studied-Stanford-NONE-professors-remember-him.html)) |
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| Completing his MBA at Stanford, Sunak returned to the United Kingdom to join the [[children's_investment_fund_management|Children’s Investment (TCI) Fund Management]] as a partner.((Hutchings, W. (2007, January 24). //TCI adds four partners.// FNL London. https://archive.ph/7WNsI)) He worked at TCI from September 2006 to November 2009.((//MrRishi Sunak.// Financial Services Register. Retrieved October 27, 2022, from https://register.fca.org.uk/s/individual?id=003b000000LVKnuAAH)) | Completing his MBA at Stanford, Sunak returned to the United Kingdom to join the [[children's_investment_fund_management|Children’s Investment (TCI) Fund Management]] as a partner.((Hutchings, W. (2007, January 24). //TCI adds four partners.// FNL London. https://archive.ph/7WNsI)) He worked at TCI from September 2006 to November 2009.((//MrRishi Sunak.// Financial Services Register. Retrieved October 27, 2022, from https://register.fca.org.uk/s/individual?id=003b000000LVKnuAAH)) |
| ==== Theleme Partners ==== | ==== Theleme Partners ==== |
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| Leaving TCI Fund Management in 2009, Sunak joined a new firm called [[Theleme Partners]] as a founding partner, which launched in October 2010. Theleme was co-founded by [[Patrick Degorce]], who had also cofounded TCI.((Journal, D. (2009, January 9). //TCI Co-Founder Patrick Degorce Has Left Hedge Fund.// Wall Street Journal. https://www.wsj.com/articles/BL-DLB-4126)) Early investments under the new firm included [[News Corp]] and [[Community Health Systems]].((Goodley, S. (2020, March 8). //Rishi Sunak: the bit-part hedge fund partner now managing the economy.// The Guardian. https://archive.ph/S84SD)) In 2012, Degorce began investing in [[pharmaceutical_companies:Moderna]], adding it to Theleme's portfolio shortly after.((Chung, J. (2020, October 2). //The Millionaire Who Gave Moderna a Shot.// Wall Street Journal. https://archive.ph/f7OHe)) He had first met the staff at Moderna in 2011, the same year [[Stephane Bancel]] was hired as CEO at the biotechnology company.((Huang, G. T. (2012, December 6). //Xconomy: Moderna, $40M in Tow, Hopes to Reinvent Biotech with “Make Your Own Drug” - Page 2 of 3.// Xconomy. https://archive.ph/E1RCN)) | Leaving TCI Fund Management in 2009, Sunak joined a new firm called [[:Theleme Partners]] as a founding partner, which launched in October 2010. Theleme was co-founded by [[:Patrick Degorce]], who had also cofounded TCI.((Journal, D. (2009, January 9). //TCI Co-Founder Patrick Degorce Has Left Hedge Fund.// Wall Street Journal. https://www.wsj.com/articles/BL-DLB-4126)) Early investments under the new firm included [[:News Corp]] and [[:Community Health Systems]].((Goodley, S. (2020, March 8). //Rishi Sunak: the bit-part hedge fund partner now managing the economy.// The Guardian. https://archive.ph/S84SD)) In 2012, Degorce began investing in [[pharmaceutical_companies:Moderna]], adding it to Theleme's portfolio shortly after.((Chung, J. (2020, October 2). //The Millionaire Who Gave Moderna a Shot.// Wall Street Journal. https://archive.ph/f7OHe)) He had first met the staff at Moderna in 2011, the same year [[:Stephane Bancel]] was hired as CEO at the biotechnology company.((Huang, G. T. (2012, December 6). //Xconomy: Moderna, $40M in Tow, Hopes to Reinvent Biotech with “Make Your Own Drug” - Page 2 of 3.// Xconomy. https://archive.ph/E1RCN)) |
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| Sunak was "one of the executives managing [Theleme Partners'] US office", meaning he would have had direct oversight of the firm's interest in Moderna.((Garside, J. (2020, November 17). //Rishi Sunak refuses to say if he will profit from Moderna Covid vaccine.// The Guardian. https://archive.ph/nyJNO)) By early 2020, Theleme Partners had “a quarter of its fund in Moderna,” making it “one of the company’s 10 largest shareholders” with “a roughly 20% position” as of October 2020. | Sunak was "one of the executives managing [[:Theleme Partners]] US office", meaning he would have had direct oversight of the firm's interest in [[:Moderna]].((Garside, J. (2020, November 17). //Rishi Sunak refuses to say if he will profit from Moderna Covid vaccine.// The Guardian. https://archive.ph/nyJNO)) By early 2020, Theleme Partners had “a quarter of its fund in Moderna,” making it “one of the company’s 10 largest shareholders” with “a roughly 20% position” as of October 2020. |
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| ==== Catamaran Ventures ==== | ==== Catamaran Ventures ==== |
| ===== Politics ===== | ===== Politics ===== |
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| Sunak dipped his toes in with the Conservative Party in 2010 and joined a think tank called [[Policy Exchange]] soon after. He was chosen to run for federal office on behalf of the Conservative Party in October 2014, winning in 2015.((//Richmond (Yorks).// UK Parliament. Retrieved October 27, 2022, from https://electionresults.parliament.uk/election/2015-05-07/results/Location/Constituency/Richmond%20(Yorks))) He resigned his position as director of Catamaran Ventures UK in April 2015, and was re-elected in 2017 and 2019. He was pro-[[Brexit]], and supported [[Boris Johnson]]'s appointment as party head. Sunak was then appointed to the elite [[Privy Council]] and chief secretary to the Treasury. | Sunak dipped his toes in with the Conservative Party in 2010 and joined a think tank called [[:Policy Exchange]] soon after. He was chosen to run for federal office on behalf of the Conservative Party in October 2014, winning in 2015.((//Richmond (Yorks).// UK Parliament. Retrieved October 27, 2022, from https://electionresults.parliament.uk/election/2015-05-07/results/Location/Constituency/Richmond%20(Yorks))) He resigned his position as director of Catamaran Ventures UK in April 2015, and was re-elected in 2017 and 2019. He was pro-[[:Brexit]], and supported [[:Boris Johnson]]'s appointment as party head. Sunak was then appointed to the elite [[:Privy Council]] and chief secretary to the Treasury. |
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| | Prior to 2020, Sunak was "largely unknown outside the party."((Honeyman, V. (2022, October 24). //Prime Minister Rishi Sunak: who is he and how did he end up with the top job in British politics?// The Conversation. https://theconversation.com/prime-minister-rishi-sunak-who-is-he-and-how-did-he-end-up-with-the-top-job-in-british-politics-193151)) |
| ==== Prime Minister ==== | ==== Prime Minister ==== |
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