Nides, 49, has been with Morgan Stanley since 2005. His resume includes a background in politics and public relations, including serving as chief of staff for U.S. Senator Joseph Lieberman during his vice-presidential campaign in 2000.
If confirmed by the Senate, Nides would replace Jacob Lew, who awaits confirmation as director of the White House Office of Management and Budget.
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Nides is chairman of the Securities Industry and Financial Markets Association, a lobbying group for securities firms, banks and asset managers. His term concludes this year.
Before joining Morgan Stanley, Nides was president and chief executive of Burson-Marsteller, the global public relations company.
He was the chief administrative officer of Credit Suisse First Boston from 2001 to 2004 and served on the firm’s executive board.
Nides spent four years as an executive assistant to former House Speaker Thomas Foley (D-Washington) and was special assistant to former House Majority Whip Tony Coelho (D-California) from 1986 to 1989.
He joined Fannie Mae in 1995 as senior vice president after spending two years as chief of staff to then-U.S. Trade Representative Mickey Kantor during the Clinton administration. Kantor is currently co-chair of the CCLP Advisory Board.