A Duluth native who spent two years as deputy secretary of state under Hillary Clinton has left that post and returned to a high-ranking position at Morgan Stanley.
Thomas Nides, 52, will be vice chairman at the investment bank, the company announced earlier this week. He'll work with global clients and on external and government affairs. Nides had served as Morgan Stanley's chief operating officer from 2005 to 2010, when he took the federal post.
"The firm is on a roll and is comfortable to me," Nides told the Wall Street Journal.
Nides had been serving as deputy secretary for management and resources, the State Department's No. 2 position, with an office next door to Clinton's. In December, Nides testified before Congress regarding last year's deadly attack on the U.S. consulate in Benghazi, Libya.
Nides and his wife, Virginia Moseley, vice president and deputy bureau chief for CNN in Washington, have two children. He is a 1979 Duluth East graduate and majored in political science at the University of Minnesota. He has worked for several members of Congress and served in the administration of President Clinton. He left a
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$3 million-a-year job at Morgan Stanley to take the $179,700-a-year job at the State Department for President Obama.
"A great opportunity opened for me and the timing was right. I've known and admired Secretary Clinton for a long time, so it worked out," Nides told the News Tribune in January 2011 as he started working at the State Department. "I've been very lucky, very fortunate to have spent time on Capitol Hill and then to move over to Wall Street and have pretty good success there. But I thought it was time to give back, to put my money where my mouth is."
