President Barack Obama will nominate former US attorney Mary Jo White to lead the Securities and Exchange Commission, replacing incumbent Chairman Elisse Walter, the New York Post reports.

A White House official said the President would announce White's nomination during a ceremony in the State Dining Room Thursday afternoon, according to the Post.

White, who is currently chair of the litigation department at Debevoise & Plimpton, won convictions related to the 1998 bombings of two US embassies in Africa and the 1993 World Trade Center bombing during her stint as US attorney.

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