Cyprus Mail
Cyprus

Trump to meet BoC’s Ross on Sunday, possible choice for commerce secretary

Wilbur Ross

US President-elect Donald Trump is due to meet on Sunday with Wilbur Ross as a possible choice for commerce secretary, a transition team spokesman said on Saturday, according to Reuters.

The Bank of Cyprus vice chairman Wilbur Ross, an American billionaire who led a group of investors in the bank’s recapitalisation in 2014, was named last week as a possible candidate by the BBC.

Ross, who served as an advisor to Trump during his election campaign, said at an event in Nicosia in June that even as standards of living across the world were “at an all-time high,” there was anger among voters because of inequality, immigration and excessive government. “Extremist candidates in the EU, Brexit, Donald Trump and Bernie Sanders are the responders,” Ross had said five days following the UK referendum in which British voters decided to leave the European Union.

He also played down concerns about Trump’s temperament, saying that the US political system has various stages of checks and balances which make radical turns impossible and therefore any changes in policies would be “incremental”.

Ross, who specialises in investing in distressed companies and made a profit from his investment in Bank of Ireland in 2014, told CNBC earlier this year that he decided to support Trump because the US needed “a more radical, new approach to government,” BBC reported. Some of the promises Trump made during the campaign should be viewed as “symbolic, more as metaphors,” BBC reported, citing Ross.

Trump, who takes office on January 20, will also meet with others on Sunday, including New Jersey Governor Chris Christie, former New York Mayor Rudy Giuliani and Kris Kobach, the Kansas secretary of state and architect of anti-immigration efforts who says he is advising Trump on immigration issues.
A Trump transition team official said a senior appointment could be announced soon.



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