Here is everything you need to know about Clayton:
Name: Walter “Jay” Clayton
Education: He has received a number of degrees, including a B.A. in engineering from the University of Pennsylvania in 1988, a bachelor's in economics from the University of Cambridge in 1990 and a J.D. from the University of Pennsylvania Law School in 1993.
What he does:
His Sullivan & Cromwell biography reads that his expertise includes “public and private mergers and acquisitions transactions, capital markets offerings [and] regulatory and enforcement proceedings” and that he “advises several high-net-worth families regarding their public and private investments.”
His relationship with Trump:
Clayton met with Trump late last month to discuss U.S. regulatory policy.
“Jay 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 in a press release announcing Clayton’s selection.
Trump and Clayton said they will push for deregulation of Wall Street and large corporations.
“If confirmed, we are going to work together with key stakeholders in the financial system to make sure we provide investors and our companies with the confidence to invest together in America,” Clayton said in the press release. “We will carefully monitor our financial sector as we set policy that encourages American companies to do what they do best: create jobs.”
Policies he’s interested in:
Clayton has written a number of articles on law, and he also has an interest in cybersecurity. In 2015 he argued in an article he wrote with nine other people for the Wharton School at the University of Pennsylvania that the U.S. must take more serious steps to protect itself from cybersecurity threats.
Clayton and his co-authors recommended implementing a “9-11-type Cyber Threat Commission” to provide more intel on potential cybersecurity threats.
What you might not know about him:
Apart from practicing law, Clayton is an adjunct professor at the University of Pennsylvania Law School, where he has taught a class named M&A Through the Business Cycle.