By Nick Timiraos and Ryan Tracy
WASHINGTON--The White House announced nominations for six top posts at the Treasury Department on Tuesday, including a senior Goldman Sachs Group Inc. private banker as the agency's No. 2 official.
James Donovan, who is also an adjunct professor at the University of Virginia School of Law, will be nominated as the deputy to Treasury Secretary Steven Mnuchin, who is also an alumnus of the New York investment bank.
Mr. Trump will nominate former Bear Stearns Chief Economist David Malpass as the department's undersecretary for international affairs and economist Adam Lerrick as deputy undersecretary for international finance. Sigal Mandelker, a former Justice Department official, was nominated as undersecretary for terrorism and financial intelligence.
Other nominees include Andrew K. "Drew" Maloney, vice president of government affairs for energy supplier Hess Corp., as the deputy undersecretary for legislative affairs, and Brent McIntosh, a lawyer who served in the George W. Bush White House, as general counsel.
The nominations, which require Senate confirmation, put the Treasury Department well ahead of other executive branches in filling out top posts and also ahead of where the Obama administration stood in advancing nominees for the agency in 2009. Most other departments haven't seen nominations for the No. 2 position, and none have nominated a deputy to handle legislative affairs.
After criticizing his Democratic opponent, Hillary Clinton, for her ties to Wall Street during the presidential campaign, President Donald Trump turned to several Wall Street alumni for key positions, including Goldman's former operating chief, Gary Cohn, as the director of his National Economic Council.
Mr. Donovan's pedigree could draw opposition from Senate Democrats, but they won't be able to block his nomination unless Republicans join them.
Mr. Donovan is a longtime GOP donor who once had Mitt Romney as a client and supported his presidential campaign in 2012.
Nominations for subcabinet-level posts at Treasury and across the Trump administration have faced delays due to prenomination vetting, including scrutiny over whether candidates were loyal to Mr. Trump during an unusually divisive election battle last year.
Some officials have faced questions over social-media posts that were perceived as critical of Mr. Trump, according to people familiar with the matter. Nominations at the Treasury Department also faced scrutiny from the White House because of concerns the administration was bringing in too many Wall Street bankers, these people said.
Mr. Trump didn't announce his intention to name anyone to the post of undersecretary for domestic finance, a key position overseeing the financial markets and regulatory policy. That post also went unfilled during the latter years of the Obama administration, when its responsibilities were effectively handled by Antonio Weiss, a counselor.
Mr. Mnuchin named former Blackrock Inc. executive Craig Phillips, who has donated heavily to Democratic politicians in recent years, as a counselor in charge of domestic financial issues. Justin Muzinich, a former Morgan Stanley banker, has also joined Treasury as a counselor.
Counselors don't require Senate approval.
Mr, Malpass served as a deputy assistant Treasury secretary for developing nations in the Reagan administration and then deputy assistant secretary of state for Latin American economic affairs in the George H.W. Bush administration, where he worked on the North American Free Trade Agreement that Mr. Trump has promised to revise.
Mr. Malpass has warned in recent years of the perils of the Federal Reserve's low-rate stance and how U.S. tax policy has deterred business investment.
Mr. Maloney, the Hess executive, gives Mr. Mnuchin a well-respected and seasoned legislative hand who is poised to play key roles in shepherding the Trump administration tax and regulatory proposals on Capitol Hill.
Ms. Mandelker is a lawyer at Proskauer Rose LLP specializing in litigation and white-collar criminal defense. Before that, she served as deputy assistant attorney general in the criminal division of the Justice Department from 2006 to 2009 and as a counselor to the secretary of homeland security.
Mr. Lerrick is a visiting scholar at the American Enterprise Institute and has worked on international financial crises in Argentina, Greece, Cyprus and Iceland.
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