Donald Trump is reportedly planning to nominate Steve Mnuchin, his campaign’s finance chairman, for Treasury secretary if he wins the White House in November.
Anthony Scaramucci, a major fundraiser for the Trump campaign, told Fortune on Tuesday that the presumptive GOP nominee announced his intentions to a group of prospective donors.
{mosads}Trump tapped Mnuchin in early May to lead the campaign’s fundraising operation. The move raised eyebrows among Republican donors and fundraising operatives, many of whom had never heard of him.
A spokeswoman for the campaign did not immediately respond when asked to confirm the report.
At first glance, Mnuchin, a former partner at Goldman Sachs, seems like an odd choice for a Republican candidate. According to federal campaign finance records, Mnuchin has donated thousands to Democratic candidates and committees over the years, including $7,400 to Hillary Clinton’s Senate bids and her 2008 presidential campaign.
While Mnuchin’s Wall Street bona fides may put some high-profile donors at ease, putting him in charge of the Treasury may complicate Trump’s populist message. He frequently refers to Clinton, his Democratic opponent, as a puppet of special interests like the financial industry.