This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Former Deputy Secretary Of State Tom Nides Rejoins Morgan Stanley As Vice Chairman

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.”

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to editors:

Tom Nides

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs