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Trump Nominates Goldman's Donovan as Deputy Treasury Secretary

March 15, 2017

Another Goldman Sachs executive is headed for Washington to join the Trump administration – Jim Donovan will be nominiated to serve as deputy secretary of the Treasury. He must first be confirmed by the Senate.


The deputy secretary of the Treasury often has a broad portfolio, working with Congress, industry groups and the Treasury Department’s rank and file to advance the administration’s agenda and to make sure operations are running properly.


Jim Donovan joined … Goldman Sachs in 1993 straight out of Harvard Law, and has remained there for the past 24 years. Prior to receiving his law degree, Donovan received a BS in engineering and an MBA from MIT. He is currently a managing director with Goldman’s private wealth management division. Mr. Donovan is an Adjunct Professor at University of Virginia, and is politically active – having supported Mitt Romney and later Jeb Bush in their respective runs for the White Hosue.


At the Treasury, Donovan will be working for Goldman alumnus Steven Mnuchin, who is the Treasury Secretary.


Trump Selects Other Nominees for the Treasury.    


  • David Malpass as undersecretary for international affairs.
  • Adam Lerrick as deputy undersecretary for international finance.
  • Sigal Mandelker, as undersecretary of the Treasury for Terrorism and Financial Intelligence.
  • Brent James McIntosh, as Treasury’s general counsel.
  • Andrew ”Drew“ Maloney as deputy undersecretary of the Treasury for Legislative Affairs.