NEW YORK — Another Goldman Sachs executive, Dina Powell, is joining the Trump administration, according to a person with knowledge of the situation.
Powell has been advising President-elect Donald Trump's daughter, Ivanka, the person said, but it is unclear what position Powell will hold in the White House. The news was previously reported by Politico and the New York Times.
Powell's role is likely to revolve around the kind of work she has done as president of the Goldman Sachs Foundation, said the person with knowledge of the situation. Powell oversees some of Goldman's largest philanthropic initiatives, including the "10,000 Women” program, which helps female entrepreneurs around the world.
Before joining Goldman Sachs in 2007, Powell was one of the highest-ranking Arab Americans in the George W. Bush administration. She served as assistant secretary of state for educational and cultural affairs and deputy to Undersecretary of State Karen P. Hughes. She was also the youngest person ever to direct the White House's personnel office.
When Powell was 4, her parents immigrated to the United States from Egypt. Powell at the time could not speak a word of English. “My parents wanted their daughters to reach their full potential. I joke that they said, 'We left our homeland so you could pursue your dreams — as long as you're a lawyer, a doctor, or an engineer,' " Powell told Glamour magazine in an 2014 interview.
A representative for Trump did not return emails seeking comment. Goldman Sachs declined to comment.
Powell is just the latest alum of the prestigious bank to land a job in the Trump administration. Steven Mnuchin, a 17-year veteran of the bank, is slated to become the next treasury secretary, and Stephen K. Bannon, Trump’s chief strategist, worked on mergers and acquisition deals for Goldman Sachs. Trump also picked Gary Cohn, the bank's president and chief operating offer, to lead the powerful National Economic Council.
During the campaign, Trump often criticized his opponents for being too cozy with Goldman Sachs and released a television ad that flashed an image of Lloyd Blankfein, the bank's chief executive, and warned of a “global power structure” that was robbing American workers.