Investor Scott Bessent has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund.

Donald Trump picked Scott Bessent to serve as Treasury secretary Friday. Scott Bessent is the founder of the investment firm Key Square Capital Management and has emerged one of the most prominent fundraisers to Donald Trump.

Scott Bessent was one of George Soros’ right-hand men when the liberal billionaire bet against the pound on Black Wednesday.Mr Bessent, then in his early 30s, was part of one of the most famous trades in history and helped net the Soros Fund some $1.