Wall Street's Joseph LaVorgna is joining the White House's National Economic Council as chief economist and will report to NEC Director Larry Kudlow.
LaVorgna had been chief economist Americas at Natixis, and chief U.S. economist at Deutsche Bank, where he had worked for more than 20 years. LaVorgna was also a CNBC contributor.
LaVorgna joined the NEC this week, and he will also be special assistant to President Donald Trump.
LaVorgna said he will immediately be tasked with working on analyzing the economic impact of the coronavirus and advising Kudlow of key financial developments. He added that his move to the position, which was newly created, had been in the works before the outbreak of COVID-19.
"I am honored to serve my country in these extraordinary times and to work for President Trump and my long-time friend Larry Kudlow," he said.