Morgan Stanley recently earned the highest position in the Financial Post's league tables for IPOs By Lead Underwriter, propelled by the $2.06 billion offering of Sun Life Financial Services.

Sun Life Financial, a leading international financial services organization, cites Morgan Stanley's global presence as a great incentive for choosing the Firm as Lead Underwriter. Sun Life maintains offices in Canada, the U.S., the UK, India, Singapore, Hong Kong, Japan and other worldwide cities, while Morgan Stanley runs operations in all of those locations and more.

The National Post (Canada) reported that Peter Dey, chairman of Morgan Stanley Canada Ltd., traveled to eight international cities in the wake of Sun Life's success. Dey said, "When you're engaged in a process as intense as this one, your adrenaline is running all the time. It was one of the most interesting and rewarding periods of time in my professional life."

Ranking after Morgan Stanley in the Financial Post's award for IPOs By Lead Underwriter were Goldman, Sachs & Co.; BMO Nesbitt Burns Inc.; and Merrill Lynch & Co.