Obama nominates Nides to state department role

President Barack Obama nominated Thomas Nides, former president and CEO of Burson-Marsteller, to a senior state department post on Thursday.

President Barack Obama nominated Thomas Nides, former president and CEO of Burson-Marsteller, to a senior state department post on Thursday.

Nides, who is the chief operating officer at Morgan Stanley, is also currently serving as the chairman of the Securities Industry and Financial Markets Association. He led Burson-Marsteller for less than a year, before rejoining Morgan Stanley in 2005, and his short tenure at the firm triggered questions within the PR industry about leadership at global PR firms.

Obama nominated Nides as the next deputy Secretary of State for management and resources. He would replace Jack Lew, who is waiting to be confirmed as the director of the Office of Management and Budget.

On September 14, The Wall Street Journal wrote: "Mr. Nides's political skills and close relationships with Democrats have been key assets for Morgan Stanley during the financial crisis and subsequent push to tighten Wall Street regulations."

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