* Would be deputy secretary for management and resources
* Nides has political background; is chair of SIFMA
By Steve Eder
NEW YORK, Sept 16 Morgan Stanley (MS.N)
Executive Thomas Nides, who has a long history in politics, is
in discussions to join the U.S. Department of State, a person
familiar with the matter said.
Nides, who is Morgan Stanley's chief administrative officer
and chief operating officer, is the leading candidate to
replace Jack Lew, who is departing as deputy secretary for
management and resources, the source said.
The source declined to be identified because the talks have
not been made public. Morgan Stanley declined to comment.
State Department spokesman P.J. Crowley referred questions
on pending appointments to the White House.
Nides would be the latest Wall Street executive to join
Secretary of State Hillary Clinton's team, following the hiring
of Goldman Sachs Group Inc (GS.N) executive Robert Hormats last
Morgan Stanley, which received a $10 billion taxpayer
bailout during the financial crisis, has emerged as one of the
government's go-to banks in the aftermath of the meltdown. The
firm advised the U.S. Treasury on Fannie Mae FNMA.OB and
Freddie Mac FMCC.OB and is handling the sale of the
government's stake in Citigroup Inc (C.N).
Morgan Stanley repaid taxpayers last year.
Nides has a political resume that includes managing
campaigns for Sen. Joe Lieberman. He is the chairman of the
Securities Industry and Financial Markets Association, an
organization that lobbies on behalf of financial firms.
His financial career includes stops at Credit Suisse First
Boston and Fannie Mae. Early in his career he was a chief of
staff to the U.S. Trade Representative.
He joined Morgan Stanley's management committee in 2005.
(Reporting by Steve Eder in New York and Andrew Quinn in
Washington; editing by Andre Grenon)