On January 28, 2025, Scott Bessent was sworn in as the 79th Secretary of the Treasury of the United States. As Secretary, Mr. Bessent is responsible for the U.S. Treasury’s wide-ranging mission to maintain a strong economy, foster economic growth and create job opportunities for all Americans by promoting the conditions that enable prosperity at home and abroad as well as managing the U.S. Government’s finances. He is also responsible for strengthening U.S. national security by combating economic threats and protecting the financial system. Mr. Bessent has been in the global investment management business for 40 years, visiting 60 countries, interacting with international leaders and central bankers. He is regarded as a currency and fixed income specialist. Mr. Bessent is a frequent contributor to economic journals and business publications. Previously, Mr. Bessent served as Chief Executive Officer and Chief Investment Officer of Key Square Capital Management, a global hedge fund focused on macro investing that he founded in 2015. Prior to that time, Mr. Bessent was the Chief Investment Officer of Soros Fund Management. Mr. Bessent was an adjunct professor at Yale University, where he taught economic history. From 1991 to 2000, he was managing partner of Soros Fund Management’s London office.