Trade expert joins U.S. State Department
Robert D. Hormats, a former vice chairman of Goldman Sachs (International), was sworn in Wednesday as the State Department's under secretary for economic, energy and agricultural affairs.
He will lead diplomatic efforts on a wide range of issues, including trade, energy and aviation.
Hormats, who was confirmed by the Senate on Tuesday, served in the Carter administration as assistant secretary for economic and business affairs from 1981 to 1982 and was deputy U.S. Trade Representative from 1979 to 1981. Before that he was senior deputy assistant secretary for economic and business affairs and served as a senior international economic affairs expert on the National Security Council, where he assisted NSC advisors Henry Kissinger, Brent Scowcroft and Zbigniew Brzezinski.