Trump Picks Ex-Soros Aide Billionaire Scott Bessent as Treasury Secretary

Nov 22, 2024, 11:57 PM

President-elect Donald Trump has selected billionaire hedge fund manager Scott Bessent as his nominee for U.S. Treasury Secretary. Bessent, the founder and CEO of macro hedge fund Key Square Capital Management, is known for his experience in global investment strategies and is an advocate for deficit reduction. He previously served as chief investment officer for George Soros's Soros Fund Management. The announcement was made on Friday evening, with Trump praising Bessent as a top global investor and supporter of tariffs key to his economic agenda.