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Alternative Market Briefing

Scaramucci lands role at the Ex-Im Bank

Wednesday, June 28, 2017

Bailey McCann, Opalesque New York:

SkyBridge founder Anthony Scaramucci has finally landed a role in the Trump administration. Politico reported today, that the former hedge fund of funds manager will work at the Export-Import Bank promoting American jobs.

The post is an interesting one given recent conservative ire over the existence of the Ex-Im Bank. Conservatives have made efforts to defund the bank, which promotes American interests globally, and Trump himself has called it "excess baggage" in campaign speeches.

Former Rep. Scott Garrett (R-N.J.) is Trump's nominee for bank president, despite the Congressman's previous opposition to the bank while serving in the House. Garrett's confirmation hearing is likely to happen in the next few months.

At the SALT Conference earlier this year, Scaramucci said during his public comments that he would always be willing to serve in the Trump administration. He was reportedly promised a role in the Office of Public Liason during the early days of the administration, but that position was rescinded after transition team officials questioned details of Scaramucci's divestment from his firm SkyBridge Capital. Scaramucci also remains in consideration to become ambassador to the Organization for Economic Cooperation and Development.......................

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