Scott Bessent, nominated by President-elect Donald Trump for the US Treasury Department, plans to resign from Key Square Group and divest assets to prevent conflicts of interest if confirmed by the Senate. The resignation will occur immediately after confirmation, and he will wind down his interest in the hedge fund within 90 days, as per the US Office of Government Ethics.

Scott Bessent, President-elect Donald Trump’s pick to run the US Treasury Department, will resign from Key Square Group and divest underlying assets to avoid conflicts of interest if confirmed by the Senate.The resignation would immediately follow his confirmation as Treasury secretary, according to a document released by the US Office of Government Ethics. He’d wind down his interest in Key Square Group, the macro hedge fund he founded and led, within 90 days after winning Senate approval.

Scott Bessent to Resign from Key Square Group if Confirmed as Treasury Secretary