Ex-BB&T CEO Allison Said to Be in Running for Treasury Chief
- Trump also said to be considering Mnuchin and McCormick
- Allison is a former Cato Institute CEO, now director at Moelis
John Allison. Photographer: Andrew Harrer/Bloomberg
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Former BB&T Corp. Chief Executive Officer John Allison is a late entrant on a short-list for the job of U.S. Treasury secretary, according to two people familiar with President-elect Donald Trump’s selection process.
Steven Mnuchin, an ex-Goldman Sachs Group Inc. partner, remains a leading candidate for the job, while David McCormick from Bridgewater Associates LP is also under consideration, according to the people. Some sources say Representative Jeb Hensarling of Texas is still a candidate. Jonathan Gray was a possible pick for the job, though he said in a statement Wednesday he still has “much work to do” at Blackstone Group LP.