Why PE Is The New Training For Commerce Secretaries

Law360, New York (December 1, 2016, 3:23 PM EST) -- The selection of billionaire private equity investor Wilbur Ross to lead the U.S. Department of Commerce by President-elect Donald Trump marks the third consecutive commerce secretary to have ties to the private equity industry, and experts say the role is a natural fit for those with a private equity past.

Ross, founder of private equity firm WL Ross & Co., will replace incumbent Commerce Secretary Penny Pritzker, who has founded or co-founded a handful of private investment or investment management businesses in her career, including PSP...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.