The $12-billion firm's investment management team, lead by Ray Nolte, will continue to run the company, offering clients access to hedge funds such as Daniel Loeb's Third Point, Michael Vranos' Ellington Management Group and Steven Tananbaum's GoldenTree Asset Management LP.
Scaramucci, founder of hedge fund SkyBridge and an annual hedge fund industry conference in Las Vegas, will serve as an assistant to Trump with "general advisory" responsibilities, people who asked not to be identified tell the news service.
Scaramucci, 53, clarified a comment he made earlier Tuesday during a presentation at the World Economic Forum in Davos, Switzerland that the firm had been sold today.
Top German Court Refuses to Outlaw Far-right NPD Party
Heiko Maas, the country's justice minister, said the government respected the verdict, but warned against complacency. The NPD has suspected neo-Nazi connections, but attempts to ban the party outright have failed on multiple occasions.
When ITV News pushed him for clarification on whether Britain would be number one in the queue, he said: "I don't want to say number one, but I think you're pretty close".
Scaramucci's role officially will be as a liaison in the White House for state and local governments and for both American and foreign businesses. Word spread among bankers in mid-December that he had put the company up for sale as he was setting his sights on a position in Washington.
America has four years to improve living standards among the working class or the country will fall into the hands of a unsafe left-winger, Donald Trump's public liaison director has warned.