Trump names national finance chair in fundraising expansion

NEW YORK (AP) — Donald Trump is tapping private investor Steven Mnuchin to lead his presidential fundraising.

Trump is a celebrity businessman who largely financed his primary bid through personal loans to his campaign. He says that while he will continue to put up “substantial money,” he must also develop a more traditional fundraising approach now that he is likely to face off with Democrat Hillary Clinton in the general election.

Mnuchin is chairman and chief executive officer of Dune Capital management LLC, a private investment firm, and previously worked at the New York bank Goldman Sachs.

Trump says in a statement that he has worked with Mnuchin “in a business capacity. Mnuchin “brings his expertise in finance to what will be an extremely successful fundraising operation for the Republican Party,” Trump says.