A working relationship is judged by a measurable outcome. The question is not, "Did the deal get done?" but, "Has the client achieved what was wanted?" Will the solution prove valuable in the future — to the client, to an industry, and to the firm?

In fast-changing financial markets, Morgan Stanley is judged by its continuing ability to achieve the desired outcomes, to get things done — whether through its trading skills, its conceptual expertise, its access to investors or its industry research. The client is the ultimate judge of effectiveness.

	Aiful With more than 1,500 employees and a 30-year history in Japan, Morgan Stanley is one of the largest and most active foreign participants in the Japanese financial markets...
	Sinopec In October 2000, Morgan Stanley priced a US$3.5 billion IPO for China Petroleum and Chemical Corporation...