Bloomberg News

Clinton Deputy Nides Said Planning to Leave State Department

January 23, 2013

Deputy Secretary of State Tom Nides, a former chief operating officer at Morgan Stanley (MS:US), plans to leave the Obama administration next month and may return to the financial services industry, according to a person familiar with the matter.

Nides hasn’t made a final decision about his next move, said the person, who requested anonymity because the decision hasn’t been announced.

Nides has been deputy under Secretary of State Hillary Clinton, who is set to leave her Cabinet post. President Barack Obama has nominated Massachusetts Senator John Kerry to replace her.

A diplomat with a banker’s resume, Nides has navigated both Washington and Wall Street. He worked on the Democratic presidential campaigns of Walter Mondale in 1984 and Kerry in 2004 and has experience on Capitol Hill.

Nides also served in the Clinton administration as chief of staff to Mickey Kantor when he was U.S. Trade Representative.

Before joining Morgan Stanley in 2005, Nides was president and chief executive of Burson-Marsteller, the global public relations company. He was the chief administrative officer of Credit Suisse First Boston from 2001 to 2004 and served on the firm’s executive board.

In 2010, Obama nominated Nides as deputy secretary of state for management and resources.

Nides’ departure was reported earlier by the Washington Post.

To contact the reporter on this story: Hans Nichols in Washington at hnichols2@bloomberg.net

To contact the editor responsible for this story: Steven Komarow at skomarow1@bloomberg.net


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