By Andrew Moran
Scott Bessent speaks at the National Conservative Conference in Washington on July 10, 2024. Dominic Gwinn/Middle East Images/AFP via Getty Images
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.
By Emel Akan
White House Opportunity and Revitalization Council Executive Director Scott Turner (R) speaks at the invitation of President Donald Trump during the National Historically Black Colleges and Universities Week Conference at the Renaissance Hotel in Washington on Sept. 10, 2019. Chip Somodevilla/Getty Images
WASHINGTON—President-elect Donald Trump announced on Friday the nomination of former NFL player Scott Turner to lead his Department of Housing and Urban Development (HUD).
Turner, 52, served in Trump’s first administration as the executive director of the White House Opportunity and Revitalization Council to help support the most distressed communities in the country.
In a statement posted to his truth Social platform, Trump commended Turner’s role in shaping one of his signature policies, the opportunity zones, during his first term.
