Trump’s Pick for Treasury Secretary: Former CIO at Goldman Sachs, Helped Start George Soros Investment Fund
November 30th, 2016L.A. Times background from a couple of weeks ago:
Mnuchin, chief executive of New York-based hedge fund Dune Capital Management, spent 17 years early in his career at Goldman Sachs, where he was a partner and eventually chief information officer, before leaving in 2002. He then started an investment fund with billionaire investor George Soros, a prominent Hillary Clinton supporter, before co-founding Dune. Mnuchin, along with other investors, made a windfall after purchasing the failed bank IndyMac in 2009 in the wake of the financial crisis, and selling it for a substantial profit in 2015.
Via: Business Insider:
President-elect Donald Trump is set to name his Treasury secretary as soon as Wednesday, The New York Times reports.
His pick is the former Goldman Sachs banker Steven Mnuchin, who served as the national finance chair on Trump’s presidential campaign.
Mnuchin spent 17 years with Goldman Sachs, and his father worked at the bank for 30 years in stock trading.
Mnuchin was chief information officer at Goldman Sachs before leaving the firm in 2002. He also worked briefly for George Soros.
During the depths of the financial crisis, a group led by Mnuchin bought troubled housing lender Indymac. After renaming the company OneWest, Mnuchin served as chairman of the firm until selling it to CIT Group in 2015.
