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President of the Goldman Sachs Foundation, Dina Powell, speaks onstage during "The Next Wave of Philanthropy" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 20, 2016 in San Francisco, California. (Photo by Mike Windle/Getty Images for Vanity Fair)

‘Tremendous talent’

Trump poaches another Goldman Sachs exec to work in his administration

By WITW Staff on January 13, 2017

President-elect Donald Trump often railed against Hillary Clinton for delivering paid speeches to Goldman Sachs, but since winning the election he’s now named two people from the the investment bank’s ranks to key roles in his administration (and a few others had already been onboard). Trump nominated former Goldman Sachs executive Steve Mnuchin to be the country’s next Treasury secretary in late November and this week, Politico reported, he tapped Dina Powell, a partner at Goldman Sachs, for a senior role focusing on entrepreneurship. “Dina Powell is a tremendous talent and has a stellar record of public service as well as a great career in the private sector,” Trump said in a statement, according to CNN.

At Goldman Sachs, Powell, 42, oversaw the investment bank’s biggest charitable initiative “10,000 Women” program, which marshals resources to nurture female entrepreneurs all around the world. She was considered a rising star at the prestigious bank, and one its leaders on women’s issues. She’s also an Arab immigrant. Powell was born in Egypt, raised in Dallas after moving there with her parents at the age of 4, and is a fluent Arabic speaker. Lately, she’s been informally advising Ivanka Trump.

This won’t be Powell’s first time working in the White House. At the age of 29, she began working as chief of the personnel office in the White House under President George W. Bush — the youngest to ever hold the job. She also worked as an assistant secretary of state for educational and cultural affairs in the Bush administration. Powell is not only aligned with Republicans — she reportedly has close ties with top Obama aide Valerie Jarrett and Obama’s former economic adviser Gene Sperling. And last June she appeared alongside Warren Buffett onstage at The United State of Women.

Powell also collaborated with former secretary of state Condoleezza Rice during the Bush years. Rice had glowing things to say about Powell. “Dina is one of the most capable people I know. She is creative and committed,” she told Politico. “She did crucial work for me at the State Department where we were trying to be more effective in outreach to the Muslim world and to empower women. Because of her own background as a woman of Egyptian descent she was a cultural ambassador — absolutely an essential member of my team.”

Read the full story at Politico.


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