Post-parliamentary Career
Following the Howard Government's defeat at the 2007 federal election, Downer declined to make a comeback to the leadership and to serve on the Opposition frontbench, amid widespread speculation that he would resign his seat and seek new employment. He informed colleagues in May 2008 that he was considering staying in politics with a view to becoming shadow treasurer under either Brendan Nelson or Malcolm Turnbull., but he subsequently resigned from Parliament on 14 July 2008. His resignation triggered a by-election in the seat of Mayo.
On 3 July 2008, the University of Adelaide announced Downer's appointment as Visiting Professor of Politics and International Trade in the School of History and Politics, including contributions to teaching and research, and work with the University's Institute for International Trade. He also holds a Professorship at Carnegie Mellon University.
At about the same time, he went into partnership with Ian Smith (a former Liberal Party advisor and husband of former Australian Democrats leader and Senator for South Australia Natasha Stott Despoja) and Nick Bolkus (a former Labor Senator for South Australia) in a boutique consultancy firm, Bespoke Approach.
Also in 2008, Downer discussed the possibility of working as a United Nations envoy to Cyprus with the UN Secretary-General to help revive the peace process. The appointment received the support of the Rudd government, via the Foreign Minister Stephen Smith, and it took effect on 14 July 2008.
He has a number of board appointments, including the Advisory Board of British strategic intelligence and advisory firm Hakluyt & Company, Merchant Bankers Cappello Capital Corp., the Adelaide Symphony Orchestra, and the board of Huawei in Australia. Downer has said that Huawei should not be considered a potential national security risk. Downer's comments are at odds with an October 2012 US congressional panel's findings that have deemed Huawei a security threat to the US and other nations.
A longtime supporter of Australians for Constitutional Monarchy, Downer has played a leading role opposing moves to replace the Queen with a president. In January 2001, he was awarded the Centenary Medal.
Read more about this topic: Alexander Downer
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