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Former Swedish minister joins Goldman Sachs

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Former Swedish minister joins Goldman Sachs
11:19 CEST+02:00
Former Swedish finance minister Eric Åsbrink has been given a new position as an advisor at the United States' largest investment bank Goldman Sachs.

Åsbrink, who served as finance minister from 1996-1999, will be employed to work with strategic guidance with business development opportunities in primarily Sweden and Scandinavia, according to a statement from the company.

Eric Åsbrink is the son of former Riksbank head Per Åsbrink.

He served as finance minister under two Social Democratic governments, led by Göran Persson and Ingvar Carlsson, and departed in 1999 following reports of a dispute with Persson.

The main point of conflict was widely reported to be the issue of a cap on pre-school fees. The so-called "maxtaxa" was presented by Göran Persson in the run up to the 1998 general election with several ministers kept in the dark about this costly reform.

Eric Åsbrink was informed the night before and the conflict with the prime minister never fully recovered.

Since leaving the government, Åsbrink has been engaged as chairperson of the Swedish Budo & Martial Arts Federation (Svenska Budo & Kampsportsförbundet).

He is currently employed as chairperson of pensions firm Alecta and The Stockholm School of Economics (Handelshögskolan). He is also a member of the Swedish Fiscal Policy Council (Finanspolitiskarådet).

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