The Brief President-elect Donald Trump has nominated Scott Bessent, a former George Soros money manager, to lead the Treasury Department. If confirmed, Bessent would be the first openly gay treasury secretary in U.S. history. President-elect Donald Trump said Friday that he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department and serve as treasury secretary. Trump also said he would nominate Russel Vought to lead the Office of Management and Budget, a position Vought held during Trump's first presidency. Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991.