International
Scott Bessent | US Treasury Department
![Scott Bessent | US Treasury Department Scott Bessent | US Treasury Department](https://home.treasury.gov/system/files/291/treasury-preview-1900x950.jpg)
On January 28, 2025, Scott Bessent was sworn in as 79th Secretary of the United States Treasury.
As secretary, Mr. Bessent is responsible for the great American mission of Treasurys to maintain a strong economy, promote economic growth and create employment opportunities for all Americans by promoting conditions that allow prosperity in the country and abroad as well as the management of American finance governments. He is also responsible for strengthening the United States national security by fighting economic threats and protecting the financial system.
Mr. Bessent has been part of the global investment management activity for 40 years, visiting 60 countries, interacting with international leaders and central bankers. He is considered a specialist in fixed currencies and income. Mr. Bessent is a frequent contributor to economic journals and commercial publications.
Previously, Mr. Bessent was chief executive officer and investment director of Key Square Capital Management, a global healing fund focused on Macro's investment which he founded in 2015. Before that time, Mr. Bessent was the director Soros fund management investments. Mr. Bessent was a auxiliary professor at the University of Yale, where he taught economic history. From 1991 to 2000, he was partner of Soros Fund Managements London Office.
His family was also involved in the agriculture, publishing and hotel sectors.
Originally from South Carolina, Bessent received a BA from the University of Yale. Mr. Bessent and his family created the MCLEOD Rehabilitation Center at the Shriners Childrens Hospital in Greenville, in South Carolina. He was a director of Rockefeller University, member of the Executive Committee and Chairman of the Investment Committee. He also supported the Harlem children's area in New York. He is a member of the New York Economic Club and the Foreign Relations Council. Mr. Bessent is a member of the French Huguenot church in Charleston.
Mr. Bessent is a longtime defender, a supporter and a mentor of financial and education programs.
He, his spouse and two children live in Washington, DC and Charleston, in South Carolina.
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