Morgan Stanley (NYSE: MS) today announced that Thomas R. Nides, former Deputy Secretary of State and former Chief Operating Officer of Morgan Stanley, will rejoin the Firm as Vice Chairman. In his new role, Mr. Nides will have a broad mandate focusing on the Firm’s global clients and other key constituencies around the world. He will also work with senior management on issues related to external and government affairs. Mr. Nides will be a member of Morgan Stanley’s Operating and Management Committees and will report directly to Chairman and CEO James P. Gorman.
Mr. Gorman said: “We are excited to have Tom rejoin the management team, this time focusing on the Firm’s clients. His deep experience over the past 25 years in government and financial services uniquely qualifies him to deliver the full capabilities of Morgan Stanley to our current and prospective clients globally. Tom will work closely with Institutional Securities Group President Colm Kelleher and Global Wealth Management President Greg Fleming on client issues.”
Mr. Nides said: “I am excited to be returning to Morgan Stanley at a time when the Firm is clearly gaining momentum. With its global reach and intellectual capital, Morgan Stanley is uniquely positioned to help clients navigate the increasingly complex interaction between global macro events, international business and markets. I look forward to participating in that process.”
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Note to editors:
Prior to joining the Obama Administration as Deputy Secretary of State, Mr. Nides was the Chief Operating officer of Morgan Stanley from 2005 to 2010. He was an executive officer and served as a member of the Operating and Management Committees. Before joining Morgan Stanley, he served as Worldwide President and Chief Executive Officer of Burson-Marstellar and as Chief Administration Officer of Credit Suisse First Boston, the investment banking division of Zurich-based Credit-Suisse Group.