Trump Names Mnuchin for Treasury and Ross for Commerce

Donald Trump has officially tapped his picks to run the Departments of the Treasury and of Commerce, according to the presidential transition. Trump will nominate Steven Mnuchin, the former Chief Information Officer at Wall Street firm Goldman Sachs, for Treasury secretary, while Wilbur Ross, a 79-year-old businessman and investor, is the president-elect’s selection for Commerce secretary.

Mnuchin, who spent 17 years at Goldman Sachs, would be the third Treasury secretary to have worked at the global investment bank. Henry Paulsen, who served under George W. Bush, was Goldman’s CEO, and Robert Rubin, who served under Bill Clinton, was a partner and executive there as well.