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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Trump names Scott Bessent to be Treasury secretary, with a clear deregulation agenda
By 
Aaron Nicodemus2024-11-26T14:53:00
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
Bessent, the billionaire CEO and founder of Connecticut-based Key Square Group, is well-known on Wall Street. According to Trump’s announcement of his nomination on Truth Social, Bessent has been an investment manager for 35 years.
According to CBS News, Bessent is also a protégé of billionaire George Soros and was an executive with Soros Fund Management before launching Key Square Group.
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