A former Bush administration Treasury Department official is asking for patience as he learns the ropes for his new job under New York Mayor Michael Bloomberg.
The Republican-turned-independent mayor announced Tuesday he has appointed Robert Steel to take over from Robert Lieber as his deputy mayor for economic development.
Steel worked as under secretary for domestic finance under Secretary Henry Paulson at the Treasury Department.
Steel was also a former CEO of Wachovia and spent 28 years at Goldman Sachs & Co, where he rose to the position of vice chairman.
He lives in Connecticut and said he has a lot to learn about New York City, where he plans to find a home.
Steel starts the job in August.
Copyright AP - Associated Press
