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		</div><p>Donald Trump&#8217;s choice to be US navy secretary has said he is withdrawing from consideration for the post, citing concerns about privacy and separating himself from his business interests.</p>
<p>Businessman Philip Bilden&#8217;s withdrawal raises similar issues to that of Vincent Viola, President Trump&#8217;s nominee for army secretary who stepped aside earlier this month.</p>
<p>Just last week, the Pentagon sought to damp down reports that Mr Bilden might pull out.</p>
<p>Mr Bilden was an intelligence officer in the Army Reserve from 1986-1996 and relocated to Hong Kong to set up an Asian presence for HarbourVest Partners, a global private equity management firm. Mr Bilden recently retired from HarbourVest Partners after 25 years.</p>
<p>In a statement released by the Pentagon, Mr Bilden said he determined that he would not be able to satisfy the Office of Government Ethics requirements without what he called &#8220;undue disruption and materially adverse divestment of my family&#8217;s private financial interests&#8221;.</p>
<p>Defence secretary Jim Mattis said he would make a recommendation to Mr Trump for a nominee in the coming days.</p>
<p>On February 19, after press reports suggested that Mr Bilden might drop out, the Pentagon issued a statement saying Mr Bilden had assured Mr Mattis he remained committed to serving as navy secretary if confirmed by the Senate and that Mr Mattis was confident Mr Bilden was &#8220;the right leader&#8221; to rebuild the navy and marine corps.</p>
<p>Mr Viola cited his inability to successfully navigate the confirmation process and Defence Department rules concerning family businesses.</p>
<p>The military veteran and former Airborne Ranger infantry officer was also the founder of several businesses, including the electronic trading firm Virtu Financial.</p>
<p>Mr Viola also owns the National Hockey League&#8217;s Florida Panthers and is a past chairman of the New York Mercantile Exchange.</p>
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