Jan 22 (Reuters) - Michael Grimes, a technology banker
with Morgan Stanley ( MS ), is in talks to leave the bank for a
position in U.S. President Donald Trump's administration, the
Wall Street Journal reported on Wednesday, citing people
familiar with the discussions.
It wasn't immediately clear what specific role Grimes is
pursuing, the report said, but suggested that he may be working
with the Department of Government Efficiency, or DOGE, an
advisory group focused on implementing significant cuts to the
U.S. government.
DOGE, led by Tesla CEO Elon Musk, has ambitious
goals of dismantling entire federal agencies and cutting
three-quarters of federal government jobs.
A few sources told the WSJ that Grimes' role in the
administration could also be something more general.
Last November, Trump named Musk to the role aimed at
creating a more efficient government, further boosting the
influence of the world's richest man, who had donated millions
to support Trump's election campaign.
Musk was supposed to co-lead the department with former
Republican presidential candidate Vivek Ramaswamy, though the
latter recently stepped down to campaign for elected office.