Hedge Fund Executive Scaramucci Lands Job at U.S. Export-Import BankHedge Fund Executive Scaramucci Lands Job at U.S. Export-Import Bank
Anthony Scaramucci has been working at the Washington-based bank since the middle of June.
June 28, 2017
(Adds details on Scaramucci)
By Svea Herbst-Bayliss
BOSTON, June 27 (Reuters) - Hedge fund industry executiveAnthony Scaramucci, an advisor to U.S. President Donald Trump,has been named chief strategy officer of the U.S. Export-ImportBank, a spokesman for the bank confirmed on Tuesday.
Scaramucci, a Republican fundraiser, has been working at theWashington-based bank since the middle of June and remains theTrump administration's choice for ambassador to the Organizationfor Economic Cooperation and Development, a source familiar withthe matter said.
Scaramucci will focus on developing strategies to supportU.S. jobs by financing exports, said Lawton King, a spokesmanfor the Export-Import Bank, which provides loans to foreignentities that enable them to purchase U.S.-made goods.
The news of Scaramucci's appointment was first reported byPolitico.
Scaramucci agreed in January to sell his investment firmSkyBridge Capital LLC to HNA Capital (U.S.) Holding, along withRON Transatlantic EG, as he prepared to take a public liaisonjob with Trump. The deal is expected to close in July.
While the initial job offer was rescinded, Scaramucciremains loyal to Trump. He told Reuters last month that he wouldknow within a few weeks whether or not he would be working inthe administration. By early June, the Trump administration hadpicked him to become OECD ambassador.
The OECD is headquartered in Paris. Scaramucci, a native NewYorker, has not said publicly if he intends to move to France ifconfirmed by the Senate.
Scaramucci was the subject of a CNN article published onThursday that incorrectly reported he was being investigated byCongress over alleged ties to a Russian investment fund. CNN hassince retracted the story and it said the journalists who workedon it have since resigned.(Reporting by Svea Herbst-Bayliss; Editing by Scott Malone andPaul Simao)