Trump Names Hedge Fund Veteran Scott Bessent as Treasury Secretary Nominee

Bessent, a former Soros protégé and longtime Wall Street figure, is set to shape U.S. economic policy if confirmed by the Senate.

Scott Bessent, a 62-year-old South Carolina native and hedge fund manager, has been nominated by President-elect Donald Trump to serve as U.S. Treasury Secretary.
Bessent has a storied career in finance, including serving as chief investment officer at Soros Fund Management and founding his own hedge fund, Key Square Capital.
Known for his macroeconomic expertise, Bessent has built relationships with influential figures like George Soros, Shinzo Abe, and Saudi investors, but his ties to Soros have drawn some skepticism from Trump’s base.
Bessent has been a key economic advisor to Trump during the 2024 campaign, contributing millions to Republican causes and aligning with Trump’s economic vision, including concerns over federal budget deficits.
If confirmed, Bessent will play a pivotal role in shaping U.S. financial and tax policy, leveraging decades of experience in global markets and economic strategy.