Who will hold the US treasury under Trump?

(Baonghean.vn) - US President-elect Donald Trump is about to appoint former Goldman Sachs financial firm partner and Hollywood project investor Steven Mnuchin as his candidate for Treasury Secretary.

Steven Mnuchin, the finance director of Trump's campaign, arrives at the US President-elect's Trump Tower in New York on November 29. Photo: Reuters.

According to the source given on November 29, it is likely that for the first time in the past 8 years, a veteran of Wall Street will hold a senior economic position in the new US cabinet.

Mnuchin, who served as chief financial officer for Mr Trump's campaign, could be named as early as the morning of November 30 (US time), a source close to the Republican Party said.

Mnuchin was chosen from among a number of other strong candidates, including JPMorgan Chase Chairman Jamie Dimon and Republican Representative Jeb Hensarling, chairman of the powerful House Financial Services Committee.

Mnuchin is the first person with Wall Street experience to head the Treasury since his former boss Henry Paulson, the former Goldman Sachs CEO who served under President George W. Bush and steered the Treasury through the tumultuous early stages of the 2008-2009 financial crisis.

Mnuchin’s appointment was first reported by The New York Times. Although little known, Mnuchin is a successful private equity investor and hedge fund manager who spent 17 years at Goldman Sachs before leaving in 2002 to build and grow Dune Capital Management.

With Dune, Mnuchin has invested in many films from Century Fox and Warner Bros., including blockbusters such as "Avatar," "Mad Max: Fury Road" and "Suicide Squad."

Phu Binh

(According to Reuters)