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Trump Nominates Goldman's Donovan as Deputy Treasury Secretary

  • Nominee was managing director in private wealth management
  • Donovan’s appointment must be confirmed by U.S. Senate
The U.S. Treasury building is shown in Washington, D.C., U.S., on Tuesday, Nov. 26, 2009.
Photographer: Joshua Roberts/Bloomberg

U.S. President Donald Trump said he intends to nominate Jim Donovan, a Goldman Sachs banker, as deputy secretary of the Treasury.

Donovan most recently was a managing director at the bank’s private wealth management division and has been at Goldman since 1993. He would be subject to Senate confirmation. At Treasury, Donovan would join the effort to execute the extensive economic policy agenda that the new administration has promised. Trump has vowed to cut regulations and taxes with the goal of unlocking economic growth.