Donald Trump and Steven Mnuchin. (Photos: Lev Radin/Pacific Press/LightRocket via Getty Images; Andrew H. Walker/Getty Images for City Harvest)
Donald Trump announced Thursday that he has selected Steven Mnuchin to be his campaign’s national finance chairman.
The presumptive Republican presidential nominee said Mnuchin brings “unprecedented experience and expertise” to his team as he pivots to the general election, where he is expected to face Democrat Hillary Clinton.
Trump’s announcement raised some eyebrows because Mnuchin, a former partner at Goldman Sachs, has deep ties to Wall Street. He is currently the CEO and chairman of the private investment firm Dune Capital Management LP.
The Manhattan developer has run a fiercely populist campaign. He spent much of the GOP primary railing against the donor class — which includes many Wall Street executives — whom he accused of purchasing his former rivals’ loyalty.
Clinton’s own critics often zero in on her ties to Wall Street, particularly Goldman Sachs, which paid her hundreds of thousands of dollars in speaking fees after she left the State Department in 2013.
Mnuchin spent 17 years at Goldman Sachs, according to a 2015 Variety magazine article about his departure from the board of Relativity Media, a studio involved with the production of nearly 200 films. He reportedly quietly resigned not long before the film studio filed for bankruptcy.
The Variety story said Mnuchin’s Dune Capital provided financing for movies like the “X-Men” franchise and “Avatar.”
During the primary, Trump frequently claimed that voters should support him partially because he was self-financing his campaign, though he also raised plenty of money from others. After his final two primary rivals exited the race this week, Trump said he would shift to a more traditional fundraising operation.