President-elect Donald Trump Donald John TrumpBarr criticizes DOJ in speech declaring all agency power 'is invested in the attorney general' Military leaders asked about using heat ray on protesters outside White House: report Powell warns failure to reach COVID-19 deal could 'scar and damage' economy MORE is likely to choose an international financier as secretary of the Navy, Foreign Policy magazine reported Friday.

Philip Bilden, a former Hong Kong-based executive with private equity firm HarbourVest, has apparently emerged as the top contender for the Navy’s highest civilian post, according to the report.

Rep. Randy Forbes James (Randy) Randy ForbesBottom line Selection of Sarah Makin-Acciani shows the commitment to religious liberty Too much ‘can do,’ not enough candor MORE (R-Va.) has long been considered the front-runner to head the Navy. Forbes served as a military adviser to Trump’s campaign and was a major force behind the president-elect’s campaign promise to make more investments in the Navy.

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Bilden’s nomination could upend Forbes’s consideration and instead install a secretary who is relatively unknown among the foreign policy community.

But Foreign Policy noted that Bilden has ties to top Trump appointees, including retired Marine Gen. James Mattis, Trump's pick for Defense secretary, and retired Lt. Gen. Michael Flynn, the incoming national security adviser.

Bilden has no formal experience in the military or in government, but has worked extensively in Asia.

According to an online biography, he moved to Hong Kong in 1996 to head up HarbourVest’s Asian branch. He also serves on the Board of Visitors of Georgetown University’s School of Foreign Service and Harvard Business School’s Asia Pacific Advisory Board.

If Trump picks Bilden for Navy secretary, it will add another business executive to the president-elect’s list of appointments. Last month, Trump chose billionaire businessman and National Hockey League team owner Vincent Viola, a former infantry officer, as secretary of the Army.