Trump Nominates Ex-Bessent Hedge Fund Executive to Treasury Post

President Donald Trump has nominated G. Hunter McMaster II to be assistant Treasury secretary for Financial Markets, though he has been performing the duties of that post since last July.

Before joining the Treasury Department, McMaster was the trading chief at Key Square Group, a macro hedge fund, run by Scott Bessent, now the Treasury secretary.

Bessent announced the nomination, which requires Senate confirmation, on Tuesday evening.

McMaster joined the Treasury in the first month of the second Trump administration as director of Policy and Planning. He is now a counselor to the secretary.

A South Carolina native ...