Trump to Nominate Ex-Banker Justin Muzinich to Top Treasury Role
                     Trump to Nominate Ex-Banker Jus
tin Muzinich to Top Treasury Role
Politico

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.
And Mnuchin’s 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.
Justin Muzinich, a former Morgan Stanley banker and 
an adviser to Jeb Bush’s 2016 presidential campaign, 
has spent most of his time at Treasury focused on the 
tax overhaul that Trump signed last year. As deputy 
secretary, he’s 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 Romney’s 2012 campaign and then for 
Bush in the 2016 election cycle.
“Justin is just really great and I’ve 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 that’s he smart and a quick learner and he 
knows what he doesn’t know and is willing to ask 
questions and that’s 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. He’s 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 MI
CHAEL J. DESMOND 
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