• Swedish ex-minister joins US consulting firm
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• 'Swedish model' party in crisis

Sweden’s former Minister of Finance in the Social Democratic government, Erik Åsbrink, has joined Goldman Sachs as an international advisor, the American investment bank said Tuesday.

“In this capacity, he will provide strategic advice to the firm on business development opportunities, with a particular focus on Sweden and the Nordic Region”, Lloyd C. Blankfein, Chairman and Chief Executive Officer, and Gary D. Cohn, President and Chief Operating Officer, in a joint statement.

Last year another Swedish Social Democratic politician, Pär Nuder, who served as Minister of Finance between 2004 and 2006, also joined one of the world’s most prestigious consulting firms; The Albright Stonebridge Group.

Erik Åsbrink served as the Swedish Minister of Finance from 1996 to 1999. Prior to this he held numerous positions including chairman of the Board of the Swedish Riksbank (the Central Bank) and Secretary of State in the Ministry of Finance.

Today he’s the chairman of Alecta Pensionsförsäkring, LightLab Sweden, Stockholm School of Economics and Svensk Hypotekspension. He also serves as a director of Wallenstam AB and Nordic Investment Bank.

 

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