Donald Trump confirms three nominations for commerce and treasury departments

Hollywood financier and former Goldman Sachs banker Steven Mnuchin has been named as Trump's choice for Treasury Secretary

Donald Trump confirms three nominations for commerce and treasury departments

Steven Mnuchin, President-elect Donald Trump's nominee for Treasury Secretary. Picture by Evan Vucci AP/Press Association Images

Donald Trump has confirmed three more nominations for his presidential administration.

As had been widely reported, Hollywood financier and former Goldman Sachs banker Steven Mnuchin has been chosen as Treasury Secretary.

Mr Mnuchin is a Wall Street insider, as well as an established Trump ally who served as the national finance chairman for the presidential campaign.

He is listed as executive producer on many major film productions, including Batman v Superman, The Lego Movie and Mad Max: Fury Road.

Mr Trump said: “Steve Mnuchin is a world-class financier, banker and businessman, and has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs

"His expertise and pro-growth ideas make him the ideal candidate to serve as Secretary of the Treasury. He purchased IndyMac Bank for $1.6 billion and ran it very professionally, selling it for $3.4 billion plus a return of capital. That’s the kind of people I want in my administration representing our country."

Mr Mnuchin said he was "honored to have the opportunity to serve our great country in this important role".

"I understand what needs to be done to fix the economy. I look forward to helping President-elect Trump implement a bold economic agenda that creates good-paying jobs and defends the American worker," he added.

Wilbur Ross, meanwhile, has been named as Commerce Secretary.

The billionaire investor served as an economic adviser to Mr Trump during the campaign, and served as the head of Rothschild Inc for 25 years.

“Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed," the President-elect said. "Most importantly, he is one of the greatest negotiators I have ever met, and that comes from me, the author of The Art of the Deal. Together, we will take on the special interests and stand up for American jobs.”

Finally, Mr Trump has also announced Todd Ricketts, co-owner of the Chicago Cubs, as his choice to serve as Deputy Commerce Secretary.

The President-elect said Mr Ricketts is an "immensely successful businessman with unparalleled knowledge of the finance industry".

Mr Trump says the trio will lead his plan to create more than 25 million jobs over the next decade.

It follows the nomination yesterday of Georgia representative Tom Price as health secretary - a significant post considering Mr Trump's pledge to replace President Barack Obama's signature Obamacare policy.

After his initial meeting with President Obama, however, Mr Trump indicated parts of the ougoing president's signature legislation could be kept.

One of the key nominations yet to be made by Mr Trump is the key role of secretary of state.

Mitt Romney is among those vying for the post and last night met the President-elect for an intimate dinner.

The Republican, who called Mr Trump a "con man" and a "fraud" during the presidential campaign, told reporters: "I had a wonderful evening with President-elect Trump.

"We had another discussion about affairs throughout the world and these discussions I've had with him have been enlightening, and interesting, and engaging. I've enjoyed them very, very much."

Former New York mayor Rudy Giuliani - a loyal Trump supporter - is another of several candidates also in contention for the coveted role.

Additional reporting by IRN