U.S. President George W. Bush announced his intention to nominate two members of the U.S. Securities and Exchange Commission.

Bush intends to re-nominate Roel Campos to the SEC for a five-year term expiring June 5, 2010. Campos has served as a member of the SEC since 2002. He also intends to nominate Annette Nazareth, for the remainder of a five-year term expiring June 5, 2007. Nazareth currently serves as director of the Division of Market Regulation for the SEC. She will take over the rest of the term that was occupied by former chair William Donaldson, who left the commission at the end of June.

Nazareth previously served as senior counsel to the chairman. Prior to joining the commission, she served as managing director of Salomon Smith Barney. Earlier in her career, she was senior vice president of Lehman Brothers Inc.

Before he joined the SEC, Campos was senior vice president and general counsel of El Dorado Communications, Inc., in Houston. Earlier in his career, Campos served as an assistant U.S. attorney. He also practiced corporate, securities and banking law in California.

It was also announced that Bush will nominate Martin Gruenberg to be a member and vice chair of the board of directors of the Federal Deposit Insurance Corporation, for the remainder of a six-year term expiring December 27, 2006. Gruenberg currently serves as senior Democratic counsel for the Senate Committee on Banking, Housing and Urban Affairs.