Trump nominated David Malpass to lead the international finance agency.

6 month ago

David Malpass, Undersecretary for International Treasury Affairs, is scheduled to appear before the World Bank's Board of Directors on Thursday after President Donald Trump has appointed him to head the international financial agency.

Malpass, 62, was senior advisor to Treasury Secretary Steven Mnuchin on international economic issues.

Previously, Malpass had worked on Wall Street for 15 years as chief economist for the fund management company and Bear Stearns, bank and brokerage firm Bear Stearns.

However, world leaders could oppose his appointment because of his criticisms of the agency created 72 years ago. If confirmed, Malpass will succeed Jim Yong Kim, a Korean-American doctor who has been running the bank for more than six years.