Mnuchin Said to Be Trump’s Pick for Treasury Secretary

Steven Mnuchin, who spent 17 years at Goldman Sachs Group Inc. and later ran a hedge fund, was picked by President-elect Donald Trump as the next U.S. Treasury secretary, a person familiar with the decision said.

The 53-year-old Mnuchin would be the second Goldman Sachs alumnus to be given a key role in the incoming administration, following Stephen Bannon’s nod as chief strategist and senior counselor. If confirmed by the Senate, Mnuchin would become the third former Goldman Sachs executive to head the Treasury since the mid-1990s.

At Treasury, Mnuchin will be a crucial player in carrying out Trump’s campaign ...