By Dan Primack
July 19, 2016

Donald Trump has told prospective donors that, if elected president, he plans to nominate former Goldman Sachs banker Steve Mnuchin for U.S. Treasury Secretary.

That’s according to Anthony Scaramucci, a high-profile hedge fund manager and Trump fundraiser.

Mnuchin, who is a former donor to Hillary Clinton, spent 17 years with Goldman Sachs (GS), where his father also had been a prominent executive. He later worked with investment groups affiliated with George Soros, including as chairman of controversial mortgage lender OneWest Bank Group (which would later be acquired by CIT Group). He also has spent time as both an art dealer and film producer.

Earlier this year, the 53-year-old Mnuchin joined Donald Trump’s campaign as national finance chairman.

Scaramucci says that Mnuchin has done a much better job raising money than he’s received public credit for, arguing that the campaign will end up bringing in between $500 million and $600 million by November. This includes an existing $50 million loan from Trump himself, plus what Scaramucci believes will be another $50 million infusion from the candidate.

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