IIF President and CEO Tim Adams Applauds Nomination of Scott Bessent as U.S. Treasury Secretary

The Institute of International Finance today released a statement from IIF President and CEO Tim Adams in response to reports that President-elect Trump has nominated Scott Bessent for U.S. Secretary of the Treasury:

"The IIF welcomes President-elect Trump's nomination of Scott Bessent for Treasury Secretary. Bessent possesses a deep understanding of global financial markets and economic conditions, and in this role will be a tireless advocate for capital formation, job creation and robust economic growth. He is exactly the steady hand that the administration will need in the event of economic turbulence or stressed financial markets.

"In the coming administration, we look forward to continuing our collaboration with the Treasury team on matters of importance to our members."

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About the Institute of International Finance (IIF)

The Institute of International Finance (IIF) is the global association of the financial industry, with about 400 members from more than 60 countries. The IIF provides its members with innovative research, unparalleled global advocacy, and access to leading industry events that leverage its influential network. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial, and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, professional services firms, exchanges, sovereign wealth funds, hedge funds, central banks, and development banks. To learn more about IIF, please visit www.iif.com, follow us on X (formerly Twitter), LinkedIn or YouTube, or check out IIF’s podcasts.