Steven Terner Mnuchin (mah-new-chin, /məˈnuːtʃin/; born December 21, 1962) is a former Goldman Sachs partner and senior manager and hedge fund investor. On November 30, 2016, it was announced that Mnuchin would be nominated as Secretary of the Treasury in the coming administration of President-elect Donald Trump.
After he graduated from Yale University, Mnuchin worked for investment bank Goldman Sachs for 17 years, reaching its management committee. After he left the bank in 2002, he worked for and founded a number of hedge funds. During the financial crisis, Mnuchin bought failed house lender IndyMac. He rebuilt the bank as chairman and CEO in the subsequent years under the name OneWest Bank, and sold it in 2015 to CIT Group. During this period, the bank received criticism for “aggressive” foreclosures. Mnuchin joined Trump’s presidential campaign in 2016, and was named national finance chairman for his campaign.