Scott Bessent, who prevailed after an intense lobbying effort by his allies, emerged over the past year as a trusted Trump adviser.

Scott Bessent, a former Soros Fund Management chief investment officer, was nominated to lead the Treasury Department. Rep. Lori Chavez-DeRemer (R-Ore.) was tapped to head the Labor Department. Other nominations include Dr. Janette Nesheiwat as U.S ...

The president-elect has selected the hedge-fund manager to lead the Treasury, elevating one of his most vocal supporters in the finance world.