'Quid pro quo' - Obama to nominate Goldman Sachs partner as new ambassador to Canada.

'Quid pro quo' - Obama to nominate Goldman Sachs partner as new ambassador to Canada.(CTV News)

U.S. President Barack Obama says he will nominate Bruce Heyman, a former fundraiser for the Democrats and partner at Goldman Sachs, as the new ambassador to Canada.

Heyman has been the managing director of private wealth management at Goldman Sachs since 1999, and has been with the investment banking firm since 1980.

Heyman and his wife, Vicki, served on Obama’s National Finance Committee in 2012, helping to raise millions for his re-election campaign.

The U.S. has not had an ambassador to Canada since David Jacobson stepped down last July.
Jacobson left the position to join BMO Financial Group.