Hellman & Friedman’s Goldstein Joining Treasury Dep’t

WASHINGTON (Reuters) – Jeffrey Goldstein, managing director of Hellman & Friedman LLC, a private equity firm, will be named as the Obama administration’s choice for Treasury undersecretary for domestic finance, an official said on Wednesday.

Goldstein previously served as managing director of the World Bank from 1999 to 2004. His formal appointment to the Treasury post could come as soon as Wednesday, the official said. He then must face a confirmation hearing and win approval by a vote in the Senate.

Goldstein also served as chief financial officer at the World Bank and oversaw the lender’s work to strengthen financial and capital market systems worldwide, the official said.

The undersecretary for domestic finance is a key role at the Treasury Department and is often a Wall Street go-between on key policy issues.

(Reporting by Patrick Rucker; Editing by Diane Craft and Dan Grebler)