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Trump Considers President Of Westport Hedge Fund For Defense Deputy Post

David McCormick is President-Elect Donald Trump's top choice for deputy defense secretary, according to Bloomberg.
David McCormick is President-Elect Donald Trump's top choice for deputy defense secretary, according to Bloomberg. Photo Credit: Wikipedia

WESTPORT, Conn. -- The top choice of President-elect Donald Trump for deputy secretary of defense is David McCormick, a hedge fund manager in Westport, according to Bloomberg.com.

McCormick, president of Bridgewater Associates Inc., had been considered as a potential Treasury secretary in the Trump administration, although that position was given to Steve Mnuchin, Bloomberg.com said.

Should their appointments be confirmed by the Senate, McCormick would assist retired Gen. James Mattis in the day-to-day management of the Pentagon, said Bloomberg.com.

McCormick is president and a member of the Management Committee at Bridgewater Associates, a global macro investment firm with over $170 billion in assets under management.

Before joining Bridgewater, McCormick spent more than 20 years in the military, government and business.

He was Under Secretary of the Treasury for International Affairs from 2007 to 2009, serving as the top U.S. international economic diplomat.

In this role, he was the principal adviser to Treasury Secretary Henry Paulson on international economic issues and oversaw policies in the areas of international finance, trade in financial services, investment, economic development and international debt policy.

He served as Paulson's point person on the international response to the 2008 financial crisis.

McCormick was credited with using his relationships with top executives and policy makers around the world to help coordinate the Treasury Department’s response.

His career in government began in 2005 when he was nominated and confirmed as the Commerce Department's Under Secretary of Commerce for Industry and Security.

Later, McCormick became the Deputy National Security Advisor for International Economic Policy and was George W. Bush's personal representative and negotiator to the G-8 industrialized countries before moving to the Treasury Department in 2007.

In 2013, McCormick was one of 131 Republican Party members to sign an amicus curiae brief submitted to the Supreme Court "in support of the freedom to marry."

McCormick graduated from West Point in 1987 with a bachelor of science degree in mechanical engineering. He was a four-time letterman on the Army wrestling team and was co-captain his senior year.

After graduating, McCormick went to U.S. Army Airborne School and Ranger School, where he was named the Honor Graduate of Ranger School.

He joined the 82nd Airborne Division at Fort Bragg, N.C., in 1988. McCormick was part of the first wave of U.S. troops sent into Iraq during the first Gulf War in 1991. He was executive officer of a combat engineering company of 130 soldiers tasked with clearing minefields and destroying enemy munitions.

In 1996, he earned a doctorate from Princeton University. Two years later, he published a book based on his doctoral thesis called, "The Downsized Warrior" about the downsizing of the U.S. Army at the end of the Cold War.

Click here for the Bloomberg story.

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