Newly elected President Donald Trump elected former Goldman Sachs banker Steve Mnuchin as his Treasury Secretary on Wednesday November 30, 2016.

Mnuchin, who was Trump’s campaign finance chair, raised $169 million in addition to the $66 million Trump spent out of his own pocket during the campaign.

“Steve Mnuchin is a world-class financier, banker and businessman,” President elect Trump said in a statement. Trump added that “he has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs.”

Mnuchin is 53 years old and is a Yale graduate. He started his career at Goldman Sachs where he worked for 17 years amassing a fortune of 40 million in the process.

After leaving Goldman Sachs, he founded Ratpac-Dune Entertainments which has produced the movie series “X- Men” and the movies “Avatar” and “American Sniper.”

New Treasury Mnuchin is going to play a key role in President elect Trump’s administration.

In an article posted by the New York Times, the authors stated, “Mr. Mnuchin would play a critical role in carrying out Mr. Trumps promised economic policy changes, including the enactment of a large package of tax cuts, sweeping changes to foreign trade agreements and the fulfillment of a huge new infrastructure spending.