U.S. President Donald Trump recently announced nominees for the Treasury Department. The nominees are managing directors, bankers and investment executives. To date, some of the senior economic positions are held by former Goldman Sachs executives, Gary Cohn (National Economic Council Director) and Steven Mnuchin (Treasury Secretary).
One of the recent nominees for Deputy Treasury Secretary is Goldman Sachs banker Jim Donovan. He has been at Goldman Sachs since 1993 and has worked in a variety of fiscal strategic areas such as corporate strategy, investment banking and management. As the Deputy Treasury Secretary, James Donovan will work in Trump’s domestic policy agenda at the Treasury Department.
Another global investment bank executive, David Malpass, was also nominated to the Department, as Treasury Undersecretary for International Affairs. He has worked in two previous administrations for George H. W. Bush and Ronald Reagan. He was Chief Economist at Bear Stearns and was Trump’s economic advisor during his Presidential campaign.
Another nominee is Sigal Mandelker, who is being nominated as Under Secretary for Terrorism and Financial Intelligence. Like Donovan and Malpass, Mandelker also brings to the post legal experience. He was once Clarence Thomas’ law clerk and he then worked at the Department of Justice in various roles. During the George W. Bush administration, Mandelker advised the Secretary of Homeland Security as well.