Gary Cohn (investment banker)
| Gary Cohn | |
|---|---|
 |
|
| 11th Director of the National Economic Council | |
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Assumed office January 20, 2017 |
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| President | Donald Trump |
| Preceded by | Jeffrey Zients |
| Personal details | |
| Born |
August 27, 1960 Cleveland, Ohio, U.S. |
| Political party | Democratic |
| Spouse(s) | Lisa Pevaroff |
| Children | 3 |
| Education | American University (BA) |
| Religion | Judaism |
Gary D. Cohn (born August 27, 1960) is an American investment banker and political figure. He is the chief economic advisor to President Donald Trump and Director of the National Economic Council. He was formerly the president and chief operating officer of Goldman Sachs from 2006 to 2017. Cohn is a registered Democrat, but has donated extensively to Republican politicians as well.
Cohn is considered one of the most influential voices in the Trump administration.
Gary Cohn was born to an Eastern European Jewish family, the son of Victor and Ellen Cohn; and was raised in Shaker Heights, Ohio. His father was an electrician who later became a real estate developer. Cohn was diagnosed with dyslexia at a young age and attended four schools by the time he reached the sixth grade. Cohn studied at Gilmour Academy, and received his bachelor's degree from American University's Kogod School of Business.
On January 20, 2017 Cohn took office as Director of the National Economic Council (NEC) in President Donald Trump's administration, a position which did not require Congressional confirmation. By February 11, 2017, The Wall Street Journal described Cohn as an "economic-policy powerhouse" and The New York Times called him Trump's "go-to figure on matters related to jobs, business and growth". With the confirmation of Trump's December 12, 2016 nominee for Secretary of Treasury, Steven Mnuchin, being held back by Congressional hearings, Cohn filled in the "personnel vacuum" and pushed "ahead on taxes, infrastructure, financial regulation and replacing health-care law". Had Cohn stayed at Goldman Sachs, some believed he would have become CEO when Lloyd Blankfein vacated that office. His severance package at Goldman Sachs amounted to $285 million. Additionally, Cohn sold a stake valued at $16 million in the Industrial and Commercial Bank of China, the world's largest bank as of 2017.
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