By Kevin McCauley
Tom Nides, who did a brief stint as CEO of Burson-Marsteller, reportedly is headed for the State Dept. as deputy secretary for management and resources.
He will succeed Jacob Lew, who is moving to head the Office of Management and Budget.
Nides has strong ties with Secretary of State Hillary Clinton. He served in the Clinton administration as chief of staff to Trade Representative Mickey Kantor.
He also worked for former House Speaker Tom Foley and managed the 2000 vice presidential campaign of now-Independent Democrat Joe Liberman.
Nides is COO at Morgan Stanley. He was a key advisor to former Morgan Stanley chairman and Credit Suisse chief John Mack.
Mack exited Morgan at the beginning of the year and new chief James Gorman promoted Nides to COO responsible for daily operations and technology.
Nides chairs the Securities and Financial Markets Assn., Wall Street’s lobbying arm.
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