Former Sen. Judd Gregg, R-N.H., is joining the Goldman Sachs Group as an international adviser, the investment banking firm announced on Friday afternoon.
Gregg, also formerly New Hampshire’s governor, “will provide strategic advice to the firm and its clients and assist in business-development initiatives across our global-development franchise,” Goldman said in a news release.
Gregg joins several other senators who left office last year who have since joined banks or major lobbying firms. Former Senate Banking Chairman Christopher Dodd, D-Conn., became chairman and chief lobbyist for the Motion Picture Association of America. Former Sen. Evan Bayh, D-Ind., joined the law firm McGuireWoods’ D.C. office as a partner and took a job as a senior adviser to Apollo Global Management, a private-equity firm. Former Sens. Robert Bennett, R-Utah, and Byron Dorgan, D-N.D., joined Washington law firm Arent Fox. Bennett also started his own lobbying and consulting company.
Gregg, who held senior positions on the Senate Budget, Banking, Appropriations, and Health, Education, Labor, and Pensions committees, joins Goldman with the firm near its nadir in congressional relations. This spring, Senate Permanent Subcommittee on Investigations Chairman Carl Levin, D-Mich., charged in a withering report that Goldman executives committed perjury in testifying before the panel last year, and accused the company of defrauding investors with mortgage-related investment products.
The Wall Street Journal reported last week that Goldman executives expect to be subpoenaed soon by the Justice Department for information on a mortgage-related business.