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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release December 30, 1998

                 PRESIDENT CLINTON NAMES HASSAN NEMAZEE
                     AS U.S. AMBASSADOR TO ARGENTINA

The President today announced his intent to nominate Hassan Nemazee to be U.S. Ambassador to Argentina.

Mr. Hassan Nemazee, of New York, New York, currently serves as Chair and CEO of Nemazee Capital Corporation. He has been an investor in public and private equity markets since 1972 and also has experience in real estate development. From 1979 to 1987, Mr. Nemazee was involved in developing properties in Houston, Texas and suburban Washington, DC, including a 300,000 square foot office building designed by I.M. Pei. Mr. Nemazee is also very active in the academic community and in 1996 was honored as a John Harvard Fellow. He currently serves on the Harvard University Visiting Committee for the Center for International Affairs and is a former member of the Harvard University Middle East Advisory Committee. Also in conjunction with Harvard University, Mr. Nemazee is a member of the Board of Trustees of the Aitkin Neuroscience Institute, was a member of the Board of Trustees of the Spence School and is a member of the Board of Directors of Columbia University's affiliated Encyclopedia Iranica.

Mr. Nemazee was born in Washington, DC, and received his A.B. degree with honors from Harvard University in 1972. He and his wife, Sheila, reside in New York City with their three children, Yasmine, Kamyar and Layla.

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