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At Goldman, Blankfein Touches a Nerve With Powell's Return

  • After White House stint, she’s rejoining bank with a promotion
  • It’s stirring some debate inside the highly competitive firm
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Dina Powell, a former deputy national security adviser to President Donald Trump, is going back to Goldman Sachs.(Source: Bloomberg)
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Dina Powell’s departure from the White House offered Wall Street the chance to enlist a rare set of skills: an industry insider who can also navigate President Donald Trump’s inner circle. Lloyd Blankfein seized it.

The Goldman Sachs Group Inc. chief executive officer was the driving force behind the firm’s decision to rehire Powell and elevate her to the company’s powerful management committee, according to people with knowledge of the matter. It’s a bet her experience in government and philanthropy can help Goldman Sachs navigate the tumult of Trump’s presidency and win more business with some of the world’s largest investors.