President-elect Donald Trump on Nov. 22 announced Wall Street financier Scott Bessent as his Treasury secretary following weeks of speculation.
“Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists,” Trump said in a statement on the nomination. “Scott’s story is that of the American Dream.”
Bessent edged out other top names for the senior post, including former Federal Reserve Board member Kevin Warsh and Apollo Wealth Management CEO Marc Rowan.
Wall Street Veteran
Bessent, 62, is the founder of global macro investment firm Key Square Group and earned his fortune when he bet against the Japanese yen alongside progressive billionaire George Soros when serving as the chief investment officer of the Soros Fund Management a decade ago. He left the Soros-led firm to start Key Square, which received a $2 billion investment from Soros….