(Reuters) – Scott Bessent, President-elect Donald J. Trump’s nominee for Treasury secretary, plans to divest from dozens of funds, trusts and investments in preparation for his new role. new york times (NYSE:) reported on Saturday.
In a letter to the Treasury Department’s Office of Ethics, the fund manager said, “I have no actual or apparent conflict of interest if I am confirmed to serve as Secretary of the Treasury Department,” according to the report. It outlined the measures it would take to “avoid” Added.
He also said he would close the investment firm he founded, Key Square Capital Management, and resign from the Bessent Freeman Family Foundation and Rockefeller University, where he has been chairman of the investment committee, the newspaper reported. .
A spokesperson for Bessent declined to comment.
Trump nominated Bessent on November 23. Reuters has not seen the documents cited by the Times, but previously reported that a person said Key Square could be downsized, sold or created in the event of a new administration. . Sleep mode. ”
On Friday, President Trump reiterated the financial arrangements he made during his first term, handing over day-to-day management of his multibillion-dollar real estate, hotel, golf, media and licensing portfolios to his children upon entering the White House.
