Trump Taps Ex-Morgan Banker Muzinich for No. 2 Role at Treasury

(Bloomberg) -- President Donald Trump will name Justin Muzinich, a counselor to Treasury Secretary Steven Mnuchin, as deputy secretary, the second-ranking position in the department.

Muzinich, a former Morgan Stanley banker and adviser to Jeb Bush’s 2016 campaign who joined Mnuchin’s team in March as a counselor, helped craft the administration’s tax-cut plan, a signature achievement of the president.

“I am delighted by the president’s decision to nominate Justin to serve as deputy secretary of the Treasury,” Mnuchin said in a statement. “Justin has established himself as a leader in the department, and played a key role in the passage of the Tax Cuts & Jobs Act.”

Before joining the Trump administration, he was president of Muzinich & Co., an international investment firm, and taught at Columbia Business School. Muzinich holds a law degree from Yale University and undergraduate and M.B.A. degrees from Harvard University.

The New York Times reported the decision to nominate Muzinich earlier.

To contact the reporter on this story: Jennifer Epstein in Washington at jepstein32@bloomberg.net.

To contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Mike Dorning

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