President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary. Trump made the ann

WASHINGTON — President-elect Donald Trump is expected to nominate a key transition adviser and billionaire financial services executive, Howard Lutnick, to lead the Commerce Department, according to two sources familiar with the process. The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition.

President-elect Donald Trump is expected to choose billionaire businessman Howard Lutnick to lead the Commerce Department. The selection would mean that Lutnick would not become Treasury secretary, and that jockeying would continue for the role.