Goldman Sachs alumni who went on to wield real power
President Donald Trump tapped Goldman Sachs banker Jim Donovan as deputy Treasury Secretary on Tuesday, in the latest nomination that makes his administration look a lot like “Government Sachs.”
Trump’s other administration members from Goldman (GS) include: Treasury Secretary Steven Mnuchin; Dina Powell, a senior White House adviser; Gary Cohn, chief economic adviser and director of the National Economic Council; Jay Clayton, who’s been tapped to head the SEC ; and White House chief strategist Steve Bannon.
Of course, Trump’s picks are just a few of the many former Goldman employees to serve as public officials, policy makers, finance ministers, central bank governors and government officials worldwide.
Treasury secretaries
Steve Mnuchin, Treasury secretary under Donald Trump
Henry Fowler, Treasury secretary under President Lyndon B. Johnson
Robert Rubin, Treasury secretary under President Bill Clinton
Larry Summers, Treasury secretary under Clinton (was paid speaking fees by Goldman)
Hank Paulson, Jr., Treasury secretary under George W. Bush
Bank heads
Robert Zoellick, president of the World Bank from 2007-2012
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis
Mario Draghi, president of the European Central Bank
Tito Titus Mboweni, former governor of the Reserve Bank of South Africa
Ian Macfarlane, former governor of Australia’s central bank
Efthymios Christodoulou, former governor of the Bank of Greece
Mark Carney, governor of the Bank of England and former governor of the Bank of Canada
William Dudley, president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee
US lawmakers
Jim Himes, member of the House of Representatives representing Connecticut
Judd Gregg, former governor and senator for New Hampshire
Jon Corzine, senator of New Jersey from 2001 to 2006 and the governor of New Jersey from 2006 to 2010
Other key figures in US government
Jay Clayton, nominated to chair the SEC under Trump
Steve Bannon, former campaign manager and White House chief strategist to Trump
Dina Powell, senior counselor for economic initiatives under Trump
Gary Cohn, chief economic adviser and director of the National Economic Council
Joshua Bolten, White House chief of staff to President George W. Bush
Rahm Emanuel, mayor of Chicago
Gary Gensler, chairman of the Commodity Futures Trading Commission during the Obama administration and chief financial officer for Hillary Clinton’s presidential campaign
Arthur Levitt Jr., chairman of the SEC from 1993 to 2001
Mark Patterson, former chief of staff to the Treasury Secretaries Timothy Geithner and Jacob Lew
Gene Sperling, director of the National Economic Council and assistant to the president for Economic Policy under Presidents Clinton and Barack Obama
Foreign policy makers
Olusegun Olutoyin Aganga, former minister of industry, trade and investment of Nigeria
Erik ?sbrink, minister for finance for Sweden
Karel Van Miert, former European commissioner for transport and consumer protection and European commissioner for competition
Vladimír Dlouhy, former minister of industry and trade of the Czech Republic
Ziad Bahaa-Eldin, deputy prime minister of Egypt
Peter Sutherland, UN special representative of the secretary-general for international migration, former attorney general of Ireland
Romano Prodi, former prime minister of Italy and former president of the European Commission
Petros Christodoulou, former general manager of the Public Debt Management Agency of Greece and deputy chief executive officer of the National Bank of Greece
Malcolm Turnbull, prime minister of Australia and the leader of the Liberal Party
Michael Cohrs, member of the court and the financial policy committee at the Bank of England
Carlos Manuel Félix Moedas, European commissioner for research, science and innovation
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