KKR hires former Australian Prime Minister Turnbull as global senior advisor

KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday. The appointment is effective from June 1, KKR said in a statement. Turnbull, 64, served as Australia’s 29th prime minister from September 2015 to August 2018, when he was ousted in a leadership battle. The appointment marks a return to the world of finance for Turnbull, a former lawyer who held a host of high-profile corporate roles before entering politics as a local member of parliament in 2004. In the 1990s, Turnbull was the local managing director of global investment bank Goldman Sachs Group Inc. He was also an investor in one of Australia’s first internet service providers, OzEmail, reportedly buying a stake for A$500,000 ($345,450) in 1994 and selling it for A$57 million to MCI Worldcom five years later.