Overview

• AFP, citing an anonymous source, says Katz is the expected U.S. pick to succeed Gita Gopinath as first deputy managing director.
• There has been no formal announcement, with Treasury declining comment and the IMF not immediately responding.
• By convention the United States nominates the Fund’s top deputy, subject to approval within the organization.
• Katz is Treasury chief of staff, previously a senior Treasury official in Trump’s first administration, with past work at Goldman Sachs and a Yale degree.
• The source and AFP note his close ties to Secretary Scott Bessent, prior consulting for Bessent’s hedge fund, and recent roles on Ukraine and U.S.-China economic talks.