After Susilo Bambang Yudhoyono won the 2004 Indonesian presidential election, Mallarangeng became a senior advisor to Indonesia's Coordinating Economic Minister (2004-2005) and Coordinating Welfare Minister (2005-2008) Aburizal Bakrie. He once also served as the Vice Chair of the Indonesian Delegation for the 2007 United Nations Climate Change Conference in Bali. In February 2008, Rizal founded a political consulting firm named Fox Indonesia.