President-elect Donald Trump will name Wall Street banker and Hollywood financier Steve Mnuchin ’85 as Secretary of the Treasury, The Wall Street Journal reported Tuesday evening.
A former publisher for the News, Mnuchin served as national finance chairman for the Trump campaign. After graduating from Yale, he spent 17 years at Goldman Sachs, where he worked his way to the executive level before departing to start his own hedge fund. More recently, he produced a number of blockbuster films, including “Avatar” and the “X-Men” franchise. He has no prior government experience.
Mnuchin’s deep roots on Wall Street present a stark contrast to much of Trump’s populist rhetoric. On the campaign trail, Trump condemned big banks and called his opponents corrupt for their Wall Street ties, sometimes naming Goldman Sachs specifically. One of Trump’s campaign ads said Goldman’s chief executive had “robbed our working class.”
The Trump transition team is expected to announce Mnuchin’s appointment as early as Wednesday.