President-elect Donald Trump is set to nominate Jay Clayton, a partner at law firm Sullivan & Cromwell, as chairman of the Securities and Exchange Commission.
Trump’s transition team said Wednesday Clayton will help the incoming administration to drive investment in U.S. companies and provide oversight of the financial sector and related industries as SEC chair.
“Clayton is a highly talented expert on many aspects of financial and regulatory law and he will ensure our financial institutions can thrive and create jobs while playing by the rules at the same time,” Trump said.
Clayton’s career includes providing advice to clients on matters related to regulatory and enforcement proceedings, merger-and-acquisition transactions and capital markets products.
He has authored several publications about regulatory law and previously served as adjunct professor at the University of Pennsylvania’s law school, where he also received his juris doctorate.