- Trump’s transition team is turning to Wall Street titans for advice on key economic appointments.
- Howard Lutnick, transition team co-chair and bank CEO, is turning to friends for advice.
- Scott Bessent, Gary Cohn, and John Paulson are among those chiming in, sources say.
Following his Election Day triumph, president-elect Donald Trump needs to staff his next administration. Wall Street is eager to have its opinion heard.
The stock market surged following Trump’s victory, with US stocks having their fifth-best ever single day showing. In sum, they added $1.62 trillion of value as investors bet on an era of tax cuts and deregulation.
Howard Lutnick, the co-chair of Trump’s transition team and CEO of New York-based investment bank Cantor Fitzgerald, is turning to those who are thrilled for advice on who might fill key positions.
Dubbed the “headhunter in chief” by the Wall Street Journal, Lutnick is reportedly spending much of his day comparing potential appointees and dealing with his typical banking duties in the wee hours.
Trump’s transition team did not respond to Business Insider’s request for comment.
Here are some of the key players with Wall Street connections now offering advice to the Trump administration:
