Dina Powell McCormick leaving Goldman for merchant bank role

Former Trump Administration Official Leaves Goldman Sachs CEO Position to Become Partner at Merchant Bank BDT & MSD Partners

a release On Tuesday, Dina Powell McCormick said: provided After nearly a year as the Vice President’s National Security Advisor, he was appointed vice chairman and president of global customer service at the bank, leaving Goldman Sachs after five years. She has served as Global Head of Sovereign Businesses and Global Head of Sustainability and Inclusive Growth, and has served on the Goldman Sachs Management Committee and the Corporate Customer and Business Standards Committee.

“We are delighted to join BDT & MSD, a merchant bank with a unique heritage and mission of serving the holistic needs of founders and family business owners,” said Powell McCormick in a release. said.

The Wall Street Journal first report News of Powell McCormick’s new role.

Prior to joining the Trump administration, she was the head of the impact investment business at Goldman Sachs from 2007 to 2017, according to the release, as well as various other roles. It said she led the development of the company’s comprehensive growth initiatives, including those specifically designed for small businesses, women, and black women.

Mr. Powell McCormick held several positions during the George W. Bush presidency, including Assistant Secretary of State for Education and Cultural Affairs, Deputy Assistant Secretary for Public Affairs and Foreign Affairs, and Assistant to the President.

Powell McCormick’s husband is David McCormick, who served as Under Secretary of the Treasury for International Affairs under the Bush administration and ran for the Republican nomination for the Pennsylvania Senate last year, but lost.

According to the release, Powell McCormick also serves as chairman of the Robin Hood Foundation and a board member of the National Geographic Society.

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