Nides, who chaired Wall Street's lobbying arm, the Securities and Financial Markets Assn., is a former Clinton administration trade official and managed former Sen. Joe Lieberman's 2000 vice presidential campaign. He was chief administrative officer of Credit Suisse First Boston and SVP of Fannie Mae.
Nides takes a vice chairman post reporting directly to Gorman at Morgan Stanley. The investment bank said he will have "a broad mandate" focusing on global clients and key constituencies around the world. He will also work on external and government affairs.