Trump nominates former SEC Chair Jay Clayton for Manhattan US attorney
Trump has nominated his former SEC chair, Jay Clayton, as the U.S. Attorney for the Southern District of New York, the president-elect announced on social media.
The position requires Senate confirmation.
Clayton was one of the candidates who interviewed for the attorney general job, as ABC News previously reported.
The longtime corporate lawyer would enter the role with little-to-no experience prosecuting criminal cases.
Prior to running the SEC, Clayton worked almost exclusively as a corporate attorney, with the exception of a two-year clerkship and a brief internship for the U.S. Attorney's Office for the Eastern District of Pennsylvania.
Clayton spent most of his career at the law firm Sullivan & Cromwell, where he represented hedge funds, wealthy investors, large banks, and massive corporations such as Deutsche Bank, UBS, and Alibaba Group. Clayton represented Goldman Sachs during the 2008 financial crisis and Barclays when it purchased Lehman Brothers' assets out of bankruptcy.
-ABC News' Peter Charalambous