<ul><li>Stephen Feinberg, a billionaire private equity investor, has been reportedly asked by Donald Trump to be the deputy defence secretary in his new administration.</li><li>Feinberg is the co-chief executive of Cerberus Capital Management and has extensive interests in the armaments industry.</li><li>His appointment would require Senate approval, and it is yet unclear whether Feinberg has accepted the offer.</li><li>This proposed appointment may raise conflict of interest concerns due to Cerberus's connections with defence contractors.</li></ul>

Trump reportedly asks private equity investor to be deputy defence secretary

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