Dina Powell, one of several Goldman Sachs-connected executives who joined the Trump administration after it swept into the White House last year, is returning to the investment bank.

According to a company memo seen by the FT, Ms Powell will be taking up a spot on the management committee, a powerful group responsible for steering the overall direction of the Wall Street bank. Women are under-represented on that committee; following the retirement last year of Edith Cooper, the former head of HR, there are just four women among 32 members.

She will be acting as a “fixer,” according to a person familiar with the move, helping connect Goldman to governments around the world. She will also be working on corporate engagement initiatives and other important client relationships, the memo said.

The date of her return to the bank is yet to be confirmed.

While at the White House — where she joined fellow Goldman alum such as Gary Cohn and Steven Mnuchin — Ms Powell worked as an assistant to President Donald Trump and deputy national security adviser for strategy. She left Washington late last year to return to New York, where she continued to advise the president on Middle East policy, according to the White House.

Before joining the Trump administration, Ms Powell served as Goldman’s global head of impact investing and was president of the Goldman Sachs Foundation. Outside the firm, she was best known as the face of Goldman-sponsored programmes including 10,000 Women and 10,000 Small Businesses. She had worked at the White House before, during the George W Bush administration.

Bloomberg had previously reported the move.

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