Mnuchin looks to Wall Street to fill Treasury positions

Source: The Hill | February 13, 2017 | Rebecca Savransky

Steve Mnuchin, President Trump’s nominee for Treasury secretary, is reportedly looking to Wall Street and the Republican establishment to serve in senior leadership roles in the Treasury Department.

Politico reported Monday that senior Goldman Sachs banker Jim Donovan is being considered to serve as deputy Treasury secretary.

Justin Muzinich, a former Morgan Stanley banker now at Muzinich & Co., is also being looked at for a senior position, possibly undersecretary for domestic finance or counselor.

For the position of undersecretary for international affairs, economist David Malpass is expected to be nominated. Malpass previously served in the Reagan and George H.W. Bush administrations and was chief economist at Bear Sterns during its collapse in 2008.

He also served as an economic adviser to President Trump during his presidential campaign.

None of the decisions are final, Politico reported.

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