Trump nominates Scott Bessent as Secretary of the Treasury

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On November 22, local time, the elected President Trump nominated Scott Bessent to be the Secretary of the Treasury of the United States.

Scott Bessent, 62, is the founder of the hedge fund Key Square Group and has publicly supported Trump since last year, becoming one of Trump's top economic advisors. Bessent was born in South Carolina and has built connections with some of the world's wealthiest investors and most influential policymakers over the years.

Bessent worked for George Soros twice, in the 1990s and 2010s. From 1991 to 2015, Bessent served Soros for over twenty years, including as Chief Investment Officer of Soros Capital Management from 2011 to 2015. During his career, he has notable achievements, including successfully shorting the pound in 1992 and the yen in 2013. In 2015, Bessent left Soros to start his own hedge fund, Key Square Capital Management.