Updated at 10:07 p.m. ET on Tuesday, July 9
Washington (CNN) – President Barack Obama has tapped major fundraisers for two of the most coveted ambassadorships.
The White House announced on Tuesday that Matthew Barzun was nominated to be the next ambassador to the United Kingdom, and John Phillips as the next envoy to Italy.
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In his second term, the president has picked at least 10 of his major financial backers for key diplomatic posts.
Barzun raised at least $500,000 for the re-election campaign and served as its national finance chair. From 2009 to 2011, he was U.S. ambassador to Sweden.
He was also a member of the Obama campaign’s national finance committee during his first run for president. Previously, Barzun was an investor in several start-up Internet firms.
Phillips, a Washington lawyer, raised between $200,000-$500,000 for the re-election campaign.
In the last several months, Obama has nominated key fundraisers, known as “bundlers” as ambassadors to Austria (Alexa Wesner), Belgium (Denise Bauer), Dominican Republic (Wally Brewster), Germany (John Emerson), Singapore (Kirk Wagar) and Spain (Jim Costos).