Trump to Nominate Ex-Banker Justin Muzinich to Top Treasury Role

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Trump to Nominate Ex-Banker Justin Muzinich to
Top Treasury Role
Politico
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• President Donald Trump plans to nominate former
  Wall Street banker Justin Muzinich to be deputy
  secretary of the Treasury, a person familiar with
  the matter said.
• Muzinich, currently a counselor to Treasury
  Secretary Steven Mnuchin, would formally take on
  the No. 2 role if he is confirmed by the Senate.
  Initially, Mnuchin appeared unlikely to select a
  deputy after a pair of candidates did not work
  out.
• Brian Brooks, a former Mnuchin colleague at
  OneWest Financial who is now at Fannie Mae,
  withdrew his name from consideration late last
  year.

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• And Mnuchins initial selection, Goldman Sachs
  banker Jim Donovan, withdrew over family
  concerns.
• After Brooks withdrew, a Treasury spokesman said
  the department had enough full-time staff and
  that Mnuchin would not fill the deputy role. But
  Mnuchin later changed his mind, a person familiar
  with the matter said, deciding he needed a
  full-time deputy to run the department day-to-day
  while he is traveling or otherwise occupied in
  high-level matters.

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• Justin Muzinich, a former Morgan Stanley banker
  and an adviser to Jeb Bushs 2016 presidential
  campaign, has spent most of his time at Treasury
  focused on the tax overhaul that Trump signed
  last year. As deputy secretary, hes expected to
  focus on implementation of the tax plan, housing
  finance reform, international affairs and other
  key Treasury agenda items.
• Muzinich, who holds an MBA from Harvard and a law
  degree from Yale, worked at Morgan Stanley before
  serving as president of Muzinich and Co., an
  investment firm founded by his father. He worked
  as an informal adviser to Mitt Romneys 2012
  campaign and then for Bush in the 2016 election
  cycle.

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• Justin is just really great and Ive got a lot
  of respect and regard for him, a former senior
  White House official said of Muzinich. What made
  him really effective on tax reform was thats he
  smart and a quick learner and he knows what he
  doesnt know and is willing to ask questions and
  thats not something you see all the time,
  especially from former Wall Street people.
• He helped shepherd the tax plan on Capitol Hill
  along with former National Economic Council
  Director Gary Cohn and senior NEC staffer Shahira
  Knight, among others. Hes highly regarded by
  both Treasury and the West Wing, something not
  always true of current Treasury staff members.

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• NOMINATIONS OF JUSTIN G. MUZINICH AND MICHAEL J.
  DESMOND
• 31 Justin Muzinich Photos and Premium High Res
  Pictures - Getty Images

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