David Nason is rumored to be President Trump's leading choice for the role of vice chair of supervision at the Federal Reserve, Reuters reported Jan. 19, citing sources familiar with the vetting process.
Nason is head of GE's energy financial services division and served as a deputy to former Treasury Secretary Henry Paulson. According to the news outlet, Nason has met with top Trump economic team officials including Gary Cohn, head of the National Economic Council, and Steve Mnuchin, Trump's pick for Treasury Secretary.
If appointed, Nason will become one of the most important regulatory oversight officials for Wall Street and the banking industry. Both Nason and the Trump administration declined to comment, Reuters said.