The 39-year old former Goldman Sachs banker was appointed in dramatic fashion on Thursday when incumbent Sajid Javid unexpectedly quit – in a row over advisers – during what Downing Street had cast as a routine ministerial reshuffle.
As Johnson moves to increase control of the finance ministry, one of the youngest chancellors in history will face a prime minister who wants to increase spending on everything from infrastructure and police to health and education.
“Delighted to be appointed,” Sunak said. “Lots to get on with.”
Following are the key facts about UK’s new finance minister:
* Sunak is married to Akshata, daughter of Infosys co-founder NR Narayana Murthy and Sudha Murthy.
* The couple has two daughters, Krishna and Anoushka.
Rishi Sunak (right) and Akshata with their two daughters.
* He is the MP for Richmond in North Yorkshire and among the three Indian-origin faces in Johnson’s cabinet. The other two are Priti Patel and Alok Sharma.
* First elected to parliament in 2015, Sunak previously served as chief secretary to the UK treasury, the second in command to the finance minister, overseeing public spending.
* Sunak was parliamentary private secretary at the department for business, energy and industrial strategy from June 2017 and parliamentary undersecretary of state at the ministry of housing, communities and local government from January 9, 2018.
* Born in 1980, Sunak attended the prestigious Winchester College before going on to study Politics, Philosophy and Economics at Oxford University. He also has an MBA from Stanford University in the United States.
* Sunak’s father was a doctor and his mother ran a chemist shop.
* Seen as a rising star in the Conservative Party he is regularly put forward by the government to do media interviews, and stood in for Johnson in some televised debates during last year’s election campaign.
* Prior to his political debut, Sunak co-founded a large investment firm that was working with firms in Silicon Valley to Bengaluru.