Thomas R. Nides

Last updated
Tom Nides
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2nd United States Deputy Secretary of State for Management and Resources
In office
January 3, 2011 February, 2013
President Barack Obama
Preceded by Jack Lew
Succeeded by Heather Higginbottom
Personal details
Thomas Richard Nides

1961 (age 5859)
Duluth, Minnesota, U.S.
Political party Democratic
Spouse(s)Virginia Moseley
Education University of Minnesota, Twin Cities (BA)

Thomas Richard Nides (born 1961 [1] ) is an American banker and civil administrator who is currently Managing Director and Vice Chairman of Morgan Stanley. He serves as a member of the Firm's Management Committee and Operating Committee [2] . Nides was previously the United States Deputy Secretary of State for Management and Resources, having been appointed by President Obama in 2010 [3] . Described as a "Wall Street Fixer" [4] , Nides has served in a variety of banking and governmental roles.


Early life and career

Thomas Richard Nides was born to a Jewish family in Duluth, Minnesota, [5] the son of Shirley (née Gavronsky) and Arnold Richard Nides. [6] [7] His father was the founder of Nides Finance, a national consumer finance company, and president of Temple Israel and the Duluth Jewish Federation. [6] He was educated at the University of Minnesota. [5]

From 1986 to 1989, Nides worked for the Majority Whip of the United States House of Representatives, Rep. Tony Coelho (DCA-15). [8] He was a key staff member for Speaker Tom Foley (D—WA-5) from 1989 to 1993, and in 1994, he served as chief of staff of United States Trade Representative Mickey Kantor. [8]

Banking career

Nides joined Fannie Mae as Senior Vice President of Human Resources in 1998, holding this position until 2001. [8] He was then Chief Administrative Officer of Credit Suisse First Boston, the investment banking division of Zurich-based Credit Suisse Group, and Worldwide President and Chief Executive Officer of Burson-Marsteller [9] . From 2005 to 2010, he was Chief Operating Officer of Morgan Stanley. [5]

Nides rejoined Morgan Stanley in March 2013 as Managing Director and Vice Chairman. He focuses on the Firm's global clients and other key constituencies around the world and serves as a member of the Firm's Management Committee and Operating Committee [10] .

Government career

During the Clinton Administration, Nides served as chief of staff to U.S. Trade Representative Mickey Kantor [11] . In this capacity, Nides played a crucial role in the passage of the North American Free Trade Agreement (NAFTA) [12] .

On September 29, 2010, President of the United States Barack Obama nominated Nides to be Deputy Secretary of State for Management and Resources. [13] He was confirmed by the Senate on December 22, 2010, and sworn into office on January 3, 2011. [5] For his service, Secretary Hillary Clinton awarded Nides the Secretary of State's Distinguished Service Award in January 2013 – the nation's highest diplomatic honor [14] .

In 2016, Nides was considered for the role of White House Chief of Staff by Hillary Clinton had she won that year's presidential election [15] , though she ended up losing to Donald Trump.

Board Memberships

Nides serves on numerous non-profit boards including the Atlantic Council [16] , the International Rescue Committee [17] , the Partnership for Public Service [18] , and the Urban Alliance Foundation [19] . He is a Member of the Council on Foreign Relations [20] and is the former Chairman of the Board of the Woodrow Wilson Center, a leading non-partisan think tank. He was appointed to the Chairman position in September 2013 by President Obama [21] .

Personal life

In 1992, he married Virginia Carpenter Moseley in an ecumenical ceremony. [22] Moseley is CNN's Senior Vice President of newsgathering for the network's U.S. operation [23] .

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  1. According to this profile from The Washington Post Archived 2011-07-01 at the Wayback Machine , Nides was 49 in 2010.
  2. "Former Deputy Secretary of State Tom Nides Rejoins Morgan Stanley as Vice Chairman".
  3. "President Obama Announces More Key Administration Posts, 9/29/10".
  4. Freed, Dan. "Wall Street Fixer Goes to Washington". TheStreet. Retrieved 2020-07-28.
  5. 1 2 3 4 Profile from State Dept.
  6. 1 2 "Obituary: Arnold Richard Nides" November 3, 2004
  7. "Obituary: Shirley Gavronsky Nides" January 14, 1999
  8. 1 2 3 Profile from LittleSis
  9. "Former Deputy Secretary of State Tom Nides Rejoins Morgan Stanley as Vice Chairman".
  10. "Former Deputy Secretary of State Tom Nides Rejoins Morgan Stanley as Vice Chairman".
  11. MacGillis, Alec. "The Democrats' Fight Over Finance". The New Yorker. Retrieved 2020-07-28.
  12. MacGillis, Alec. "The Democrats' Fight Over Finance". The New Yorker. Retrieved 2020-07-28.
  13. White House Press Release, Sept. 29, 2010
  14. "Thomas R. Nides - LinkedIn".
  15. "Vilsack Could Play Key Role in Clinton Administration". AgNet West. 2016-08-05. Retrieved 2020-07-28.
  16. "Board of Directors". Atlantic Council. Retrieved 2020-02-12.
  17. "IRC Board of Directors and Overseers".
  18. "Partnership for Public Service History and Board".
  19. "Urban Alliance Board Members".
  20. "Council on Foreign Relations Membership Roster".
  21. "Wilson Center".
  22. New York Times: "Virginia Moseley, Thomas Nides" June 15, 1992
  23. "Virginia Moseley - Senior Vice President of Newsgathering, CNN US".

Commons-logo.svg Media related to Thomas R. Nides at Wikimedia Commons

Political offices
Preceded by
Jack Lew
Deputy Secretary of State for Management and Resources
Succeeded by
Heather Higginbottom