The Wall Street lawyer is President Donald Trump's selection to lead the U.S. Securities and Exchange Commission.
Jay Clayton, who is a partner at the New York-based law firm Sullivan & Cromwell LLP, is President Donald Trump's nominee to lead the Securities and Exchange Commission. YOUTUBE/SULLIVAN & CROMWELL LLP
1. Walter "Jay" Clayton is a partner with New York-based law firm Sullivan & Cromwell LLP.
2. Clayton received a bachelor’s degree in engineering from the University of Pennsylvania and a separate bachelor’s degree from the University of Cambridge. He later earned his J.D. from the University of Pennsylvania Law School.
3. After graduation, he clerked for Marvin Katz, U.S. District Judge for the Eastern District of Pennsylvania.
4. He is married to Gretchen Butler Clayton, a wealth manager advisor at Goldman Sachs; it is among the companies he would be responsible for policing.
5. Clayton has a number of published articles, including one he co-authored in 2015: "We Don’t Need a Crisis to Act Unitedly Against Cyber Bullying.”
6. He advised Goldman Sachs when it received a $5 billion investment from Warren Buffett's Berkshire Hathaway, and he has advised on multiple mergers and public offerings, including the $25 billion offering in 2013 by Alibaba Group of China.
7. During the financial crisis, Clayton advised Bear Stearns in its sale to JPMorgan Chase and Barclays Capital in the acquisition of Lehman Brothers' assets.
8. He was a lecturer at the University of Pennsylvania Law School from 2009-2015.
9. Clayton is among those recognized in “Chambers Global: The World’s Leading Lawyers for Business” (2008-2015) and in “The Best Lawyers in America” (2014-2017).
10. According to public records, he donated to previous presidential campaigns of Mitt Romney and Barack Obama, along with Jeb Bush’s primary campaign.
