Nomination of Frederick N. Khedouri To Be a Director of the Securities Investor Protection Corporation

The President today announced his intention to nominate Frederick N. Khedouri to be a Director of the Securities Investor Protection Corporation for a term expiring December 31, 1990. He would succeed David F. Goldberg.

Since 1987 Mr. Khedouri has been associate director and managing officer for Bear, Stearns and Co., Inc., in Washington, DC. Prior to this he was Deputy Chief of Staff and Assistant to the Vice President for Policy at the White House, 1985-1987. From 1981 to 1985, he was Associate Director for Natural Resources, Energy, and Science at the Office of Management and Budget, and served as Associate Director for Policy and Planning, 1983-1985. Mr. Khedouri also served as legislative director for U.S. Representative David A. Stockman, 1977-1981.

Mr. Khedouri graduated from the University of Chicago (A.B., 1972) and the University of Texas Law School (J.D., 1975). He was born June 17, 1950, in New York City. He is married, has two children, and resides in Washington, DC.