Credit Services Derivatives
Electronic Brokerage Fixed Income
Foreign Exchange General
Individual Securities Information Technology
Institutional Securities Internet
Investment Banking Investment Management
Mergers & Acquisitions Prime Brokerage
Private Wealth Management Research
Sales & Trading

 2012 General
Morgan Stanley Legal and Compliance Division Recognized by the Minority Corporate Counsel Association for Diversity Endeavors
Morgan Stanley recently garnered two awards ― the Minority Corporate Counsel Association's (MCCA) "2012 Employer of Choice Award for the Northeast Region" and Chambers USA Women in Law's "Most Female Friendly Company Award."
Morgan Stanley's Sustainability Leadership Recognized at Davos
Morgan Stanley was awarded the distinction of "Sector Mover" for the Firm's significant recent improvements in sustainability.
Partnership Between Legal and Compliance, Diversity Teams Garners Awards
The Chambers USA's Most Female Friendly Company Award recognized the strides that Morgan Stanley has made in creating an inclusive culture for women through mentorship, leadership and internship programs.
Firm Honored by Stonewall's Annual Workplace Equality Index
Morgan Stanley ranked 45 in the Stonewall Top 100 Employers List for 2012, up 82 places from last year's ranking.
 2012 Institutional Securities
Firm Debuts on Global Custodian OTC Derivatives Prime Brokerage Survey Ratings
The Firm debuted as a rated provider in the fourth-annual Global Custodian OTC Derivatives Prime Brokerage Survey.
Firm Takes Top Spots for Global Equity House, Equity Derivatives House, North America Equity House, U.S. Investment Grade Bond House in IFR Awards
Morgan Stanley took top honors for Global Equity House, Equity Derivatives House, North America Equity House and U.S. Investment Grade Bond House in the 2011 International Finance Review Awards.
Firm Manages Most Renewable Energy IPOs in 2011
Morgan Stanley was ranked number one by Bloomberg New Energy Finance (BNEF) for managing the most initial public offerings in the renewable energy industry in 2011.

 2011 General
Morgan Stanley UK Offices Receive Accreditation for Reducing Carbon Emissions
Morgan Stanley was recognized for its efforts to reduce carbon emissions generated in the U.K. offices when it received Carbon Trust Standard accreditation.
Firm Again Scores 100 Percent on HRC Corporate Equality Index, Recognized by IGLCC for LGBT Diversity & Inclusion
Morgan Stanley recently garnered accolades from the Human Rights Campaign (HRC) and the International Gay and Lesbian Chamber of Commerce (IGLCC) for its commitment to lesbian, gay, bisexual and transgender (LGBT) diversity and inclusion.
 2011 Institutional Securities
Morgan Stanley Finishes Top in Credit Products Overall, Risk Magazine Poll Says
Morgan Stanley finished top in credit products overall in Risk Magazine's 2011 Institutional Investor Rankings.
Morgan Stanley Wins Best UK Structured Products House
Morgan Stanley was recently named the "Best U.K. Structured Products House" by Structured Products magazine.
Euromoney magazine awarded Morgan Stanley 20 Award for Excellence in 2011
Best M&A House, Best Global Equity House and Best Global Emerging Market Equity House. Best Investment Bank in Asia, Nordic/Baltics, Sweden, Denmark, Greece and Taiwan. Best M&A House in Western Europe, Central and Eastern Europe, United Kingdom, Germany, Russia, Spain and India. Best Equity House in Japan, South Africa and Argentina. Best Debt House in Ukraine.
BRM Securities Lending Takes Top Spot With Clients in Global Investor/isf Survey
Morgan Stanley was recognized as a global leader in securities finance and named the best overall borrower for the tenth time in 11 years in the 2011 Securities Lending Survey sponsored by Global Investor/isf magazine.
Morgan Stanley European Research Wins Thomson Reuters Extel Awards
Results from the Thomson Reuters Extel 2011 annual survey reflected strong gains and continued momentum for Morgan Stanley European Research.
Hedge Funds With Multiple Prime Brokers Rank Morgan Stanley No. 1, Global Custodian Poll Says
Hedge funds that use more than one prime broker – typically the largest funds – ranked Morgan Stanley first, according to the 2011 Global Custodian survey.
Firm Garners Two Securities Lending Awards
Fundamentals magazine recognized Morgan Stanley among its annual 2011 Securities Lending Industry Award Winners.
Morgan Stanley Wins 20 Euromoney Awards for Excellence
Euromoney magazine honored Morgan Stanley with 20 Awards for Excellence in 2011, including two top accolades — Best Global M&A House and Best Global Equity House.
The Trade Names MSET #1 Provider of Trading Algorithms Among U.S. Clients
Morgan Stanley Electronic Trading garnered the award for "Top-Rated Provider of Trading Algorithms Among U.S. Clients," according to The Trade's 2011 Algorithmic Trading Survey of 400 global buy-side traders.
Financial News Names Morgan Stanley 'Sellside IT Department of the Year'
Financial News recognized Morgan Stanley as the "Sellside IT Department of the Year" for the second consecutive year
Firm Takes Top Investment Bank, Equity and M&A House From Global Finance
Morgan Stanley took three top awards in Global Finance magazine's latest "World's Best Investment Banks" Survey — Best Investment Bank, Best Equity Bank and Best M&A Bank.
Morgan Stanley Named Best Overall Provider of Synthetic Finance, Global Investor/ISF Says
Morgan Stanley was recently named the best overall provider of synthetic finance in Global Investor/ISF Magazine's fourth annual survey of hedge funds and institutional clients.
 2011 Investment Management
Investors, Hedge Funds Rank Morgan Stanley #1 North American Prime Broker
Hedgeweek recognized Morgan Stanley as "Best North American Prime Broker."
 2011 Private Wealth Management
Morgan Stanley Smith Barney Receives 3 MMI Award Nominations
Money Management Institute nominated Morgan Stanley Smith Barney for three awards, including "Top Advisory Solutions Firm of the Year."
Barron's Finds 232 Firm FAs Among Top 1,000
Morgan Stanley Smith Barney netted 232 spots on Barron's list of top 1,000 advisors, and seven of the Firm's Financial Advisors were ranked No. 1 in their respective states.

 2010 General
Morgan Stanley Japan Ranks Second in Annual 'Great Place to Work' Survey
Morgan Stanley Japan Securities Co., Ltd. has won second place in an annual survey that asked 81 companies and their employees to measure workplace satisfaction.
Firm Receives Award From NGLCC
The National Gay & Lesbian Chamber of Commerce - a business advocate for lesbian, gay, bisexual and transgender businesses and entrepreneurs - has presented Morgan Stanley with its Financial Services Diversity Corporation of the Year award.
Financial News Lauds Morgan Stanley as Bank of the Quarter
Despite a difficult quarter for investment banking, Morgan Stanley has performed well in Europe, avoided the worst of trading pitfalls and gained share in traditional revenue streams, according to a Financial News article on June 5.
Morgan Stanley Nets 5 ALB Japan Law Awards
Morgan Stanley's legal team in Tokyo received top awards in five categories from Asia Legal Business.
Firm Wins Champions of Diversity Award from NYUL
The New York Urban League presented Morgan Stanley with its Champions of Diversity award at its seventh annual awards breakfast at the Four Seasons Restaurant.
Pro Mujer Team Wins Firm's Annual Strategy Challenge
Morgan Stanley employees recently harnessed their competitive spirits and participated in the Firm's second annual Social Enterprise Strategy Challenge on June 16, an initiative providing top talent the unique opportunity to leverage commercial skills for social impact.
Going Green Earns Award for Data Center, Saves Greenbacks
Morgan Stanley's European Data Center team has garnered a prestigious award recognizing improvements made in efficiency at the Firm's UK operations.
 2010 Institutional Securities
Deals of the Year: Firm Wins in Industrials, PE, Tech, Health Care
In its recently released Deal of the Year Awards issue, Investment Dealers' Digest recognized the Firm in its tech, health care, private equity, and industrial categories.
Firm Named Best Americas Equity, EMEA Structured Equity House
The International Financing Review recognized the Firm's equities and structured equities businesses with two awards for 2009: Americas Equity House of the Year, and EMEA Structured Equity House of the Year.
Firm Committed to Client Satisfaction in FX, Says Euromoney
Morgan Stanley improved its ranking in the Euromoney 2010 FX survey, moving into the top 10, with the number-one ranking for the Most Improved by Market Share Qualitative categories for Nordic & Baltic Currencies and Americas Timezone.
Firm-Led Transactions Win Best Deal Awards in Japan
Amid the dearth of equity capital market transactions globally during 2008, Morgan Stanley was successfully involved in Japan's biggest initial public offering and the biggest follow-on deals of the year.
Asia-Pacific Research Earns Top Spot in 5 Categories, II Poll Says
The Firm's Asia-Pacific research team has earned number one positions in regional economics, consumer, healthcare and pharmaceuticals, as well as Australia and India, according to Institutional Investor's 2010 All-Asia Research Team Poll.
Editors Call Morgan Stanley Matrix 'One of the Best in Years'
Morgan Stanley won two awards at the Profit & Loss 2010 Digital FX Awards in London last month for Morgan Stanley Matrix, a platform that provides a single point of access to the Interest Rate Currency and Credit Institutional Sales and Trading operations.   
Electronic Trading Takes Top Spot for Reducing Trading Costs, Maintaining Anonymity
Clients asked to rank their top electronic-trading partners by their ability to reduce trading costs and level of anonymity named Morgan Stanley Electronic Trading the top provider, according to results from The Trade's 2010 Algorithmic Trading Awards. MSET also appeared on The Trade's "Roll of Honour" for execution consistency and for top broker among European respondents.
 2010 Investment Management
Lipper Recognizes MSIM Fixed Income Expertise
Several Morgan Stanley Investment Management funds were recently recognized for strong performance by notable publications including the New York Times, the Wall Street Journal, Barron's, Bloomberg, Associated Press and by Lipper's annual Mutual Funds Awards.
 2010 Prime Brokerage
MMI Names MSSB 2010 Managed Account Solutions Firm
Morgan Stanley Smith Barney has been named 2010 Managed Account Solutions Firm of the Year by the Money Management Institute at its annual Gateway to Leadership Industry Recognition Dinner in New York.

 2009 General
Firm Nets Two of Top 10 in FT/StarMine Ranking of Analysts
Analysts collected 15 awards in the second annual Financial Times/StarMine World's Top Analysts Awards for the top equity analysts and brokerages.
Morgan Stanley Japan Ranks Number One in Annual 'Great Place to Work' Survey
Morgan Stanley Japan Securities Co., Ltd. won first place in the annual survey conducted by the Great Place to Work Institute Japan, the local arm of the global organization that measures workplace satisfaction.
VolunteerMatch Honors Firm Trio as Employee Volunteer Program 'Champions of the Year'
VolunteerMatch has honored representatives of the Morgan Stanley Community Affairs team as "Champions of the Year" for their leadership in employee volunteer program management...
Firm Recognized for Record Blood Donations in 2008
Firm was recognized by the New York Blood Center for collecting more than 2,500 employee donations and having the largest increase in donations for the financial services sector in 2008.  
HRC Honors Firm With Corporate Equality Award For LGBT Equality Commitment
The Human Rights Campaign, the nation's largest civil rights organization working to achieve lesbian, gay, bisexual and transgender (LGBT) equality, presented Morgan Stanley with the Corporate Equality Award.
Morgan Stanley Ranks in Top 10 of Sunday Times' 20 Best Big Companies
The UK's Sunday Times newspaper published its ranking of "The 20 Best Companies to Work for 2009," its comprehensive guide to the best big workplaces in Britain.
 2009 Institutional Securities
Firm Innovation in Structured Note Industry Honored
Morgan Stanley innovation was recognized with year-end laurels at the mtn-i global awards recently, taking one of 10 Deals of the Year and earning three honors for exceptional performance.
Asiamoney Names Morgan Stanley Best Investment Bank
Asiamoney magazine, a leading Asia finance magazine and part of the Euromoney group, named Morgan Stanley the Best Investment Bank in Asia for 2008
Firm Leads Debt Offerings in 2009
On the back of significant tightening of recent new issuance in debt capital markets, Morgan Stanley has remained a leader in the industry...
Firm-Led Transactions Win Best Deal Awards in Japan
Amid the dearth of equity capital market transactions globally during 2008, Morgan Stanley was successfully involved in Japan's biggest initial public offering and the biggest follow-on deals of the year.
Firm-led Japan Expressway Deal Wins Innovation Award
Japan Expressway Holding and Debt Repayment Agency (JEHDRA)'s 30-year Zaito agency bonds recently received the Thomson DealWatch's 2008 "Innovative Straight Bond of the Year" award.
Firm Takes 2008 NA Portfolio Power Deal of the Year
Morgan Stanley's work on the May 14 $1.2bn financing for the repowering of the Topaz Power Portfolio took Project Finance magazine North America Portfolio Power Deal of the Year 2008.
Firm-Involved Deals Net Five ALB Japan Law Awards
Morgan Stanley was involved in Japan deals which recently won five law awards from Asian Legal Business.
Commodities Heads Energy Risk Rankings
Energy Risk Magazine, in its annual Energy Risk Commodity Rankings, named Morgan Stanley Commodities the Top Dealer Overall and Top Electricity Dealer Overall.
Firm Takes PE LatAm Deal of the Year Award
Private Equity Latin AmeriThe Financial Times and Mergermarket recently awarded Morgan Stanley Infrastructure Partners and Ontario Teachers Pension Plan Board the Private Equity Latin America Deal of the Year Award.ca Deal of the Year Award
Firm-Led M&A Deals Honored as Best of 2008 From IDD
The editors of Investment Dealers' Digest recognized four Morgan Stanley-led transactions among its top deals of 2008.
Morgan Stanley Named Structured Product House of the Year
Energy Risk magazine named Morgan Stanley Structured Products House of the Year 2009 at its recent annual awards ceremony.
SEC Filings Find Firm 2008's Most Efficient Trader
Morgan Stanley was 2008's most efficient trader among the banks, according to a recent review conducted by Financial News. The results ran in the March 16 issue.
 2009 Investment Management
MSIM Funds Demonstrate Recent Strong Performance
Several Morgan Stanley Investment Management funds were recently recognized for strong performance by notable publications including the New York Times, the Wall Street Journal, Barron's, Bloomberg, Associated Press and by Lipper's annual Mutual Funds Awards.
Firm Takes 111 of Barron's Top 1,000
Morgan Stanley's Global Wealth Management Group netted 111 spots on Barron's new ranking, "Top 1,000 Financial Advisors: State-by-State."
Euromoney Names Morgan Stanley Top M&A House for Brazil
In recognizing Morgan Stanley, the editors cited the Firm's work on the "mega-merger" between Banco Itau and Unibanco Holdings.
Firm Finds 13 on PlanSponsor's 'Most Successful Advisers' List, Finalist for Team of the Year
PlanSponsor magazine recently announced its annual list of "Most Successful Retirement Plan Advisers" - and Morgan Stanley Financial Advisors took 13 spots across a number of categories.  

 2008 General
ETF Industry Lauds Morgan Stanley for Research, Outstanding Contribution
This marks the fourth year that that Firm has been recognized for excellence in ETF research and third for industry contribution.
Firm-Backed 'First Emperor' Wins Arts Award
For its sponsorship of "The First Emperor: China's Terracotta Army" at the British Museum, Morgan Stanley received the Old Mutual A&B cultural branding award.
Morgan Stanley Named Top Company for Asian Pacific Americans; Celebrates Asian Pacific Heritage Month
For the sixth consecutive year, Morgan Stanley was named one of the best companies for Asian Pacific Americans to work for by Asian Enterprise magazine.
Firm Deal for BlueOrchard Nets FT's Sustainable Deal of the Year
Proceeds from the offering funded loans to 20 microfinance institutions in 11 developing countries.
 2008 Institutional Securities
Morgan Stanley Takes Two Awards for I-Banking Innovation
The Banker magazine recognized Morgan Stanley's innovation and teamwork with two Investment Banking awards for Most Innovative Team of the Year and Most Innovative in Retail Structured Products.
Sales & Trading Takes Three Industry Laurels
The Firm was honored in Executing Most Difficult Trades, U.S. Cash Equities Trading and Counterparty for Direct Market Access.
FinanceAsia Names Morgan Stanley Best M&A House in Asia
FinanceAsia magazine, one of the region's leading financial publications, named Morgan Stanley the Best M&A House in Asia for 2008.
Morgan Stanley Earns Year-End Award from IFR
The International Finance Review recognized the Firm's Europe, Middle East and Africa equities business with three awards for 2008.
Commodities Again Takes Top Honors, Wins 'Landmark Deal'
Two publications recently honored the Firm for its industry-leading platform and for bringing liquidity to structured notes.
Quant of the Year Awarded for Work on Firm-Built Model Awarded for Work on Firm-Built Model
A pricing model for Vix options developed by and deployed at Morgan Stanley earned its creator Quant of the Year honors in the recently announced Risk 2008 Awards from Risk Magazine.
Morgan Stanley Electronic Trading Experiences Record Month
Morgan Stanley Electronic Trading experienced record share and dollar volumes in the month of July across the U.S., Europe and Asia.
 2008 Investment Management
'Powerhouse' Effort in European Real Estate Earns Firm Top Honors
In 2007, Morgan Stanley nearly doubled the business of its nearest competitor in M&A. 
China A Share Fund Takes AsianInvestor's Best Performance Award
For the year ended December 31, 2007, the Fund's portfolio achieved an absolute return of 212.93 percent, based on net asset value.
Firm Takes Two Global Finance Awards
Global Finance magazine named Morgan Stanley as the Best Investment Bank in the Financial Institutions and Media & Entertainment sectors.

 2007 General
IT Takes Top Two at Financial News Ceremony
Morgan Stanley was the only bank to receive two awards, "Best Sell-side IT" and "Best Back Office Project." 
Firm in Top Five of Sunday Times' '20 Best Big Companies'
Morgan Stanley ranked fifth in the UK's Sunday Times newspaper’s "The 20 Best Big Companies to Work for 2006" survey.
Morgan Stanley's Research in Tokyo Wins Extel Awards
In Extel's first survey of global investors, Morgan Stanley ranked first in Leading Economics & Strategy Japan.
Morgan Stanley Japan Named Second Best Workplace in Japan
Morgan Stanley Japan Securities ranked second on Japan's Great Places to Work survey.
Morgan Stanley Named Top Company for Asian Americans
The award recognizes companies that develop and maintain initiatives that include Asian Pacific Americans, as well as people of color, into their corporate structure and culture.
Glasgow Named Best In Britain With Leading The Way Award
The Morgan Stanley Glasgow office was named one of the best in Britain at the final of Remploy’s 11th annual Leading the Way awards.
European Legal and Compliance Named Top In-House Counsel
Morgan Stanley's European Legal and Compliance Division won the European In-House Counsel award at the International Financial Law Review awards.
Morgan Stanley Named Top-10 Company to Work for, Westchester Says
The first-ever "Best Places to Work" survey appeared in the June issue.
Morgan Stanley Celebrates Hispanic Heritage Month; Receives Award for Diversity
Morgan Stanley's Latino ENG celebrated Hispanic Heritage Month with music and networking at an exclusive showing of the Broadway musical Celia.
 2007 Institutional Securities
Firm Takes Global Finance Top Spots for IBD, Commodities
The awards ceremony took place in conjunction with the World Bank Group and the International Monetary Fund annual meetings.
Morgan Stanley Takes Best Global Investment Bank Honors for 2007
The Firm was also recognized for its global solutions with 12 regional awards.
Firm Takes ISF's Top Securities Lending Honors for Seventh Year Straight
"One word describes this performance - dominant," the editors wrote.
As Competition Intensifies, Firm Extends Lead as Prime Broker of Choice
Winning 30 percent of European hedge fund assets, the Morgan Stanley extended its lead as the largest prime broker in Europe.
Commodities Takes Top Spot, Bolsters Carbon Platform
Four industry publications singled out Morgan Stanley's commodities business and the work it did in 2006 in their annual awards.
Prime Brokerage's Win Streak Continues With Top Global Custodian Award
Morgan Stanley Prime Brokerage took the top spot as best prime broker in the 14th annual Global Custodian survey for the second year in a row.
Hedge Funds Again Call Morgan Stanley Top Prime Broker
The Alpha survey polled nearly 1,000 hedge funds with an estimated US$1.4tn under management.  
Morgan Stanley Tops in FX for Fourth Year in a Row
More than 700 global institutional investors gave the Morgan Stanley first-place rankings in 15 of 34 wide-ranging categories.
Hedge Funds Tag Firm Tops in FX, Global Investor Reports
Out of 38 categories - 19 broken into two rankings - the Firm took top honors in 33.
Prime Brokerage Takes Top Risk Analytics Honors From Alpha
Morgan Stanley's offering is the product of choice for hedge funds trying to monitor and manage risk exposure.
Firm Work Nets IPO of the Year From Environmental Finance
The editors looked for innovation, significant volume or opening environmental finance to investors or markets.
Morgan Stanley Japan Securities Feted as Japan's Second-Best Place to Work
The inaugural survey asked employees of 62 of the best companies in Japan what they thought of their employers.
Morgan Stanley Earns Year-End Laurels from IFR
Morgan Stanley was recognized as Latin America Bond House and North America Securitization House of the Year.
Morgan Stanley Again Tagged Top Prime Broker in Asia
Morgan Stanley Prime Brokerage continued its clean sweep of prime brokerage awards in Asia.
Asia Prime Brokerage Triumphs
Asia Prime brokerage has won 33 percent of the Asian hedge fund assets under management according to numbers from the most recent AsiaHedge study.
Morgan Stanley Lands Three 2006 'Deals of the Year'
For industry-shaping transactions, these corporates turned to the Firm and cross-divisional support to negotiate complex needs and concerns.
Morgan Stanley Named 'Pioneer' in Energy, Commodity Derivatives
Clients cite the Firm's 'sophisticated ideas,' risk-handling that makes them comfortable.
Real Estate Takes 2006's Top Awards From Euromoney
Morgan Stanley took the top awards in eight different categories at the Euromoney 2006 Real Estate Awards.
Banco Morgan Stanley Takes Honors for Growth in Brazil
Within the same group, the Firm ranked fourth among those with the smallest operational cost.
 2007 Investment Management
Industry Again Ranks Morgan Stanley Real Estate Best in Class, Euromoney Reports
The 18 awards more than double last year's take, repeating as top real estate investment bank.
MSCI Barra Named Index Provider of the Year
MSCI Barra was selected from a short list of index providers by an independent panel of 26 international judges, made up of key decision makers within pension funds and their consultants.

 2005 Credit Services
Brand Keys
Discover® Card has received the Brand Keys Customer Loyalty Award in the credit card category for eight consecutive years. The award honors brands that have generated the greatest customer loyalty.
Javelin Strategy & Research
Discover Card ranked #1 in Fraud Protection Services among the largest credit card companies by Javelin Strategy & Research in its 2005 report.
 2005 General
Morgan Stanley Takes Top Rank Among Investment Banks in FT's '50 Best Workplaces in the UK'
Morgan Stanley was again top investment bank and 25th overall in the Financial Times's "50 Best Workplaces in the UK 2005."
Essence Names Morgan Stanley One of '35 Great Places to Work'
Essence magazine recently named Morgan Stanley for the third consecutive year to its "35 Great Places to Work" list.
Morgan Stanley Among Fortune's Top 10 Most Desirable MBA Employers
Morgan Stanley rose on the list of dream employers for business school students — breaking into the top 10 for the first time on Fortune's list of the 100 Most Desirable MBA Employers.
GI Jobs Says Morgan Stanley Top Financial Firm For Military, Vets
When GI Jobs magazine announced its annual Top 25 "Most Military Friendly Employers" on November 7, Morgan Stanley took honors as the highest-ranked financial-services firm.
Morgan Stanley Among '100 Best Companies for Working Mothers'
For the fifth consecutive year, Working Mother magazine has named Morgan Stanley one of the "100 Best Companies for Working Mothers."
Milan Office Climbs Ranks of Best Places To Work in Italy
Morgan Stanley Milan has jumped 10 spots to sixth position in Italy's 2005 Great Place to Work survey, which highlights the companies with the best work atmosphere.
 2005 Institutional Securities
Morgan Stanley Named Best Investment Bank in Asia Pacific
For the second year running, two of Asia's leading financial publications, FinanceAsia and The Asset magazine, have named Morgan Stanley as the region's Best Investment Bank.
Euromoney 'Deal of the Year' Awards
Morgan Stanley received extensive recognition for its global efforts in Euromoney's "Deals of the Year" edition.
Morgan Stanley Takes Top Spot in Global Investor FX Survey
Morgan Stanley's Foreign Exchange (FX) group maintained the top overall ranking in Global Investor's 2005 Foreign Exchange Survey.
For Fifth Straight Year, Morgan Stanley Tops Overall in Securities Lending
Peers in the securities finance industry once again ranked Morgan Stanley the best and biggest equity borrower, for the fifth year running, according to Euromoney's International Securities Finance.
Morgan Stanley Wins Operational Performance Honors
Morgan Stanley netted top honors in the Operational Performance of Brokers market survey of U.S. securities firms, conducted by London-based consulting group Z/Yen Limited.
Morgan Stanley Tops Equity Polls at Euromoney Technology Awards
Morgan Stanley claimed four major awards for its electronic equities trading offering to its European institutional clients in Euromoney Magazine's Internet Awards.
Morgan Stanley Top Bank on Forbes' "Midas List"
Morgan Stanley remained the top bank on Forbes' "Midas List."
Morgan Stanley Finishes First Half of 2005 as Top M&A Advisor
Morgan Stanley completed the first half of 2005 with a dominant performance in mergers and acquisitions, advising on 190 announced deals valued at US$354bn, according to numbers released by data provider Thomson Financial.
Morgan Stanley Sweeps Global Investor's FX Survey of Hedge Funds
When Global Investor recently polled hedge fund managers about which banks they turned to for foreign exchange services, the unanimous choice was Morgan Stanley.
Commodities World Turns to Morgan Stanley
Morgan Stanley garnered 27 first-place finishes in Energy Risk Commodity Ranking 2005 survey.
Hedge Funds Name Morgan Stanley Top Prime Broker in Annual Survey
Morgan Stanley took top honors in Institutional Investor's Alpha magazine's first-ever hedge fund survey as the top overall prime broker in the industry.
Financial News Recognizes Firm for 'IT Excellence in Investment Banking'
Financial News presented Morgan Stanley with three of its five annual European IT Excellence in Investment Banking awards.
Morgan Stanley Earns Honors in Annual IFR Awards
Morgan Stanley was named Global Equity House of the Year in the International Financing Review annual awards.
Morgan Stanley Dominates Corporate Finance's Deals of the Year
Morgan Stanley topped Corporate Finance's "Deals of the Year," taking honors in Overall Debt, Equity and M&A.
Head Traders, Hedge Funds Rank Morgan Stanley #1 in European Equities
Morgan Stanley's European Institutional Equity Division recently took top honors from two industry publications. The Firm placed first when Institutional Investor asked buy-siders to rank brokers by execution excellence in pan-European equity trading, the first-ever survey of this kind. Morgan Stanley also ranked first among hedge funds for execution excellence in pan-European equities trading according to Alpha magazine, II's hedge fund publication.
Euromoney Recognizes Firm Excellence in Seven Countries
Euromoney's 2005 Awards for Excellence honored Morgan Stanley with nine awards for its operations in seven countries.
Financial News Lauds Morgan Stanley with Quarterly Honors
Financial News recognized Morgan Stanley in its July 18 edition, awarding it top honors as the Bank of the Quarter.
Morgan Stanley Wins Japan Deal Awards
Morgan Stanley recently received a number of awards from Asiamoney, Nikkei Bonds & Financial Weekly, Euromoney and Thomson DealWatch for its role in major transactions in Japan completed in 2004 and early 2005.
Morgan Stanley Takes 'U.S. Derivatives House of the Year' Honors
Derivatives Week named the Firm the credit derivatives house of the year in the U.S.
Morgan Stanley Tops Alpha Rankings
Numbers published in the January/February issue of Alpha magazine rank Morgan Stanley the top trading desk for execution and sales-trading service.
Industry Ranks Morgan Stanley Tops in Client Operations
Morgan Stanley netted top honors in the 2005 Operational Performance of Brokers market survey of U.S. securities firms, conducted by London-based consulting group Z/Yen Limited.
Morgan Stanley Wins Real Estate Awards From Leading Industry Publications
Morgan Stanley Real Estate won two awards at the inaugural European Property Awards.
 2005 Investment Management
MSIM Funds on Year-End Best Performer Lists
Morgan Stanley Investment Management funds were featured in several year-end rankings of top performing mutual funds.
MSIM Among Top Three Foreign Managers in Nikkei Popularity Survey
Morgan Stanley Investment Management Japan (Morgan Stanley Asset and Investment Trust Management Co., Ltd.) ranked seventh among all asset managers, up from eighth in 2004, and ranked third among all non-Japanese managers in Nikkei Financial Daily's Annual Popularity Survey of Financial Institutions in Japan.
MSIM Ranks Among Top Managers in P&I International Survey
Morgan Stanley Investment Management took five top-10 spots in Pensions & Investments' International and Global Managers Directory.
U.S. Real Estate Among Top Equity Portfolios
Morgan Stanley Investment Management's U.S. Real Estate portfolio was listed in Pensions & Investments' ranking of top-performing equity managers.
Top Rankings for MSIM in P&I Money Manager AUM Survey
Morgan Stanley Investment Management took nine top-10 spots in Pensions & Investments annual Money Managers Directory.
Investment Management's Wharton Makes II's 'Best of the Buy Side'
Global Research Group Analyst and Financial Services Portfolio Manager Steve Wharton was one of just nine analysts to make Institutional Investor's industry-wide "Best of the Buy Side" list of the top buy-side analysts.
MSIM Equity Products Win Mercer MPA Japan Awards
Mercer Investment Consulting Japan recently ranked Morgan Stanley Investment Management products among the winners of its 2005 Manager Performance Analytics Japan Awards.
MSIM Latin American Equity Among Top 5 LatAm Funds
Morgan Stanley Investment Management's Latin American Equity Fund was among the top five funds in Latin America, according to FT.
MSIM Funds Win Lipper Performance Awards
Lipper recently announced the winners of its Performance Achievement Certificate Awards.
International Small Cap Fund Wins Lipper Award
Mutual fund rating firm Lipper named the Morgan Stanley International Small Cap A Fund the best individual fund in the International Small/Mid-Cap Core category over three years.

 2004 Credit Services
Walmart
Discover received the "best overall payments network" award from Walmart.
Media Metrix
Discovercard.com was the 141st most visited site on the Web and ranked 6th among financial services sites, including banking sites.
Electronic Transaction Association
Discover received the "Vendor of the Year" award from the Electronic Transaction Association.
Brand Keys
Discover® Card has received the Brand Keys Customer Loyalty Award in the credit card category for seven consecutive years.
 2004 General
YWCA Honors Morgan Stanley With Salute to Women Achievers
Managing Director Moira Kilcoyne, Chief Information Officer for Company IT, was one of more than 80 women honored by the Academy of Women Leaders of the YWCA-NYC.
Morgan Stanley Highest Ranking Investment Bank in Financial Times "50 Best Workplaces in the UK 2004"
Morgan Stanley was the top investment bank in the Financial Times "50 Best Workplaces in the UK 2004", at number 36.
Morgan Stanley Named One of the "100 Best Companies for Working Mothers"
For the fourth year in a row, Working Mother's list of the "100 Best Companies for Working Mothers" included Morgan Stanley.
The Wall Street Journal Names Global Head of Fixed Income Zoe Cruz "In Line to Lead"
Zoe Cruz ranked fourth in The Wall Street Journal's "In Line to Lead" list for an article on women leaders in business.
Morgan Stanley Only Investment Bank Featured in UK Sunday Times "100 Best Companies to Work For 2004"
Morgan Stanley maintained its ranking within the top 100 Best Companies to Work for in the UK.
Zoe Cruz and Amy Fawcett Rank Among Fortune's 50 Most Powerful Women
Head of Fixed Income Division Zoe Cruz was ranked the highest newcomer in the October 18 edition of Fortune's list of 50 Most Powerful Women in Business.
LATINA Style Names Morgan Stanley One of 50 Best Employers
LATINA Style magazine named Morgan Stanley one of the “50 Best Companies for Latinas to Work for” in the United States at its February Conference in Washington, D.C.
 2004 Institutional Securities
Morgan Stanley Maintains Its 'Midas' Touch
Morgan Stanley remained the top bank on Forbes' “Midas List”.
Morgan Stanley Garners Japan Deal Awards
Morgan Stanley Japan received awards from Asiamoney, Euromoney and Thompson DealWatch for the Firm's achievements and transactions in 2003 and early 2004.
Morgan Stanley Prime Brokerage "Best in Class" for Hedge Funds
Morgan Stanley Prime Brokerage received top honors in Global Custodian's annual Prime Brokerage Survey.
Morgan Stanley Wins Environmental Finance Awards
Environmental Finance recognized Morgan Stanley as the Best Trading Company in the sulfur dioxide (SO2) and nitrogen oxides (NOx) categories of its 2003 Market Survey rankings.
Global Finance Awards Morgan Stanley for Banking Around the World
Morgan Stanley won six awards in Global Finance’s first annual World’s Best Investment Banks survey.
Euromoney Names Morgan Stanley Best Global Credit Derivatives House
The global capital markets publication's Awards for Excellence 2004 also named the Firm tops in M&A, Debt and Equities in regional categories.
Firm Takes Top Spots for U.S. Equity and USD Investment-Grade Corporate Bond Houses at IFR Awards
Morgan Stanley took top honors for U.S. Equity House and USD Investment-Grade Corporate Bond House, as well as North American Securitization House.
Euromoney Names Morgan Stanley-Led Deals Among the Best of the Year
A recent issue of Euromoney profiled the best deals of 2003, highlighting 10 Morgan Stanley-led transactions.
Global Investor Survey Ranks Morgan Stanley as Most Useful Research
>Global Investor recently ranked Morgan Stanley as the top provider of useful research globally and the most independent research in Europe.
Morgan Stanley Highest Ranking Investment Bank in Financial Times "50 Best Workplaces in the UK 2004"
Morgan Stanley was the top investment bank in the Financial Times "50 Best Workplaces in the UK 2004," at number 36.
Firm Garners 2003 Japan Capital Markets Deal Awards
Morgan Stanley won a number of accolades for its role in Japan's most important capital markets transactions completed during the year.
Morgan Stanley Sweeps Risk Magazine's Top Derivatives Awards
Morgan Stanley swept all the major fixed-income derivatives awards for 2003 in Risk magazine's annual year-end review.
Commodities World Turns to Morgan Stanley
Morgan Stanley garnered 27 first-place finishes in Energy Risk's Commodity Ranking 2005 survey.
Morgan Stanley Takes Top Spot in Credit Derivatives Poll for Index Products
Morgan Stanley was named the number one provider of credit derivative index products for the second year in a row in Risk Magazine’s 2004 annual survey of asset managers.
Morgan Stanley Tops Alpha Rankings
Numbers published in the January/February issue of Alpha magazine rank Morgan Stanley the top trading desk for execution and sales-trading service.
Financial News Awards Morgan Stanley for "IT Excellence in Investment Banking"
Morgan Stanley received two awards at this year’s Financial News "Awards for IT Excellence in Investment Banking" ceremony.
Finance Asia Names Morgan Stanley Investment Bank of the Year
Finance Asia declares Morgan Stanley the Best Investment Bank of 2004 in its Finance Asia Achievement Awards.
Securities Lending Tops Euromoney's Equity Finance Survey for Fourth Consecutive Year
Morgan Stanley ranked the best and biggest equity borrower in the 2004 Global Equity Finance Survey for the fourth year running.
Milan Office Climbs Ranks of Best Places To Work in Italy
Morgan Stanley Milan jumps 10 spots to sixth position in Italy's 2005 Great Place to Work survey.
Borrowers Vote Morgan Stanley Most Innovative Bank
Euroweek's Bond Poll 2003 awarded Morgan Stanley most innovative bank and best lead manager for supranational, sovereign and agency bond deals.
Morgan Stanley Takes 14 Euromoney 'Deal of the Year' Awards
Morgan Stanley received extensive recognition for its 2004 global efforts in Euromoney's "Deals of the Year" edition.
The Banker Awards Morgan Stanley Bond House and Equity House of the Year
The Firm collected the awards for Bond House of the Year and Equity House of the Year.
Morgan Stanley Dominates Global Investor FX Survey
Morgan Stanley's Foreign Exchange (FX) group swept the major categories of the Foreign Exchange Survey in the March issue of Global Investor magazine.
Morgan Stanley Dominates Corporate Finance's 2004 Deals of the Year
Morgan Stanley topped Corporate Finance's 2004 "Deals of the Year," taking honors in Overall Debt, Equity and M&A.
Morgan Stanley Wins Operational Performance Honors
Morgan Stanley netted top honors in the 2004 Operational Performance of Brokers market survey of U.S. securities firms, conducted by London-based consulting group Z/Yen Limited.
Morgan Stanley Scoops Six Institutional Investor 2003 Deals of the Year Awards
Morgan Stanley-advised deals won a total of six awards
Morgan Stanley Receives M&A, Debt and Equity Deal of the Year Prizes in Latin America
Morgan Stanley has received M&A, Debt and Equity 2003 Deal of the Year prizes.
Morgan Stanley Wins Best Prime Brokerage Award for Asia
Asian Investor awarded the Firm's Asian Prime Brokerage team the Best Prime Broker Award based on client feedback.
Morgan Stanley Takes IFR's Equity House of 2004 Honors
The Firm took 2004 Equity House of the Year honors in International Financing Review's Annual Awards.
GM/GMAC Deal Sweeps Deal of the Year Awards
The Morgan Stanley co-led General Motors/General Motors Acceptance deal has garnered multiple accolades for innovation and complexity.
Morgan Stanley Nets Top Investment Bank Honors
Morgan Stanley carried the day at the Financial News Annual Awards for Excellence.
 2004 Investment Management
Investment Adviser's Fastest Growing Funds
Investment Adviser ranked the Morgan Stanley Global Brands Fund the fastest-growing fund in the Equity Global sector for funds registered in the UK for the 12 months ended August 31.
Standard & Poor's Global Investment Performance Awards
The Morgan Stanley SICAV range of funds received an impressive 26 awards in Standard & Poor's prestigious Investment Awards 2004.
FT Mandate Global Fixed Income Survey
Morgan Stanley Investment Management took the top spot in a survey conducted by FT Mandate of global fixed income managers.
BusinessWeek's 1Q Leaders
BusinessWeek listed five Morgan Stanley funds among its list of best-performing funds for the first quarter of 2004.
Money100
The Van Kampen Equity and Income Fund was named to the Money100 — an exclusive listing of the world's best mutual funds.
BusinessWeek's Top Funds ListBusinessWeek's "A" List-->
BusinessWeek listed the Morgan Stanley Institutional European Real Estate A, Van Kampen Real Estate Securities A and Morgan Stanley Institutional U.S. Real Estate A among its top 50 equity funds.
New York Times 2Q Leaders
For the quarter ended June 30, 2004, the New York Times listed the Morgan Stanley Institutional Real Estate Fund A as the top-performing domestic specialized stock fund in the real estate category.
P&I Money Manager AUM Ranking
MSIM took seven top-five spots in Pensions & Investments' annual Money Managers Directory and Global/International Managers rankings.
Wall Street Journal Category Kings
The Wall Street Journal included seven MSIM funds in its "Category Kings" ranking for October, representing five different strategies managed by four teams.
Financial Times Top European Managers for Asia
The Financial Times included Ashutosh Sinha in a ranking of the best European fund managers for Asia Pacific ex-Japan equity funds.
Institutional Investor 300
Institutional Investor ranked Morgan Stanley Investment Management as the 14th largest money manager in the U.S.

 2003 Credit Services
Firm Tops 2003 Nikkei Credit Analyst Rankings
Morgan Stanley Japan's credit research team topped the credit analyst rankings in the Nikkei's eighth annual fixed income research poll in terms of the aggregated points of ranked analysts.
 2003 Fixed Income
Firm Ranks #2 Overall in Global Investor's Fixed Income Survey 2003
In Global Investor's Fixed Income Survey for 2003, Morgan Stanley ranked #2 in the Overall category for Fixed Income Research — a step up from #3 last year.
 2003 Foreign Exchange
Morgan Stanley Moves Up to #2 Ranking in the FX Global Investor Survey 2003
Morgan Stanley FX has jumped four places to rank #2 in the category "Best FX Service Overall." The survey identified the Firm's FX business as being "clearly on an aggressive growth path" and noted its "upward trajectory" in the survey rankings.
 2003 General
UK Sunday Times Ranks Firm in "100 Best Companies to Work For 2003"
The UK's Sunday Times newspaper recently published its ranking of "The 100 Best Companies to Work For 2003,"
Morgan Stanley Japan Garners 2002 Deal Awards
Underscoring Morgan Stanley's leading position in M&A and the capital markets in Japan, the Firm won several 2002 deal awards from regional finance magazines Asiamoney and Finance Asia.
Morgan Stanley Maintains Top 30 Position in UK Sunday Times "100 Best Companies to Work For 2003"
The UK's Sunday Times newspaper has just published its ranking of "The 100 Best Companies to Work for 2003", its comprehensive guide to the best employers in Britain.
Euromoney Names Morgan Stanley Best Global Investment Bank
Euromoney magazine has awarded Morgan Stanley top honors in the publication's Awards for Excellence 2003. The Firm received the top award for a securities firm, Best Global Investment Bank.
Family Digest Names Firm Among Best Workplaces for African-Americans
In its spring 2003 issue, Family Digest magazine named Morgan Stanley as one of its "Best Companies for African Americans."
Firm Ranks #1 in Global Investor's First Transition Management Survey
Global Investor has named Morgan Stanley #1 for Overall Customer Satisfaction on a weighted basis in the publication's first transition management survey. The survey appears in the April 2003 edition of Global Investor magazine.
 2003 Private Wealth Management
Private Asset Managers and S&P Awards Honor Morgan Stanley
At the 2003 annual PAM (Private Asset Managers) Awards on March 7, Morgan Stanley's Private Wealth Management (PWM) group in Europe came away with the award for best risk-adjusted returns over three years for balanced portfolios.
 2003 Research
Firm Places Fifth in 2003 Nikkei Analyst Poll
The 15th annual Nikkei Analysts Rankings were announced on March 24. Morgan Stanley was ranked in fifth place overall.
StarMine Ranks Morgan Stanley #1 Research Firm
StarMine, the leading provider of objective ratings of securities analysts, and The Nasdaq Stock Market, Inc., the world's largest electronic stock market, announced the results of StarMine's 2002 annual survey of analyst performances for North America on April 25.
Institutional Investor Releases All-Europe Research Poll
Institutional Investor (II) magazine announced the results of its All-Europe Research Poll on February 13. On a weighted basis Morgan Stanley was 5th (first place votes receive four point, second place votes three points, etc.).
Firm Places Fourth in 2003 Institutional Investor All-Japan Research Poll
The Firm had five #1 (First Team) ranked analysts.
Firm Wins Top Honors Again in Euromoney Credit Research Poll 2003
For the third year in a row, Euromoney magazine ranked Morgan Stanley Best High Grade Research Team in the publication's annual poll of investors, published April 2003.

 2002 Derivatives
Morgan Stanley Tops Risk Survey Rankings for 2002
Morgan Stanley put in a strong performance, topping the poll in 10-30 year Euro, Volatility and Quanto Swaps.
 2002 Fixed Income
DCMS Dominates Asia Pacific Debt Underwriting
The Firm was the region’s leading bookrunner with a market share of 25%.
 2002 Foreign Exchange
Morgan Stanley Foreign Exchange Ranked First Choice for U.S. by Global Investor Magazine
In the March 2002 issue, Global Investor magazine (a Euromoney publication) ranked Morgan Stanley Best Overall FX Provider in this year's Foreign Exchange Survey of American respondents.
 2002 General
Working Mother Names Morgan Stanley in Top 100
On September 24, Working Mother magazine released its 17th annual list of the "100 Best Companies for Working Mothers," honoring corporations that value the needs of working families.
Morgan Stanley is One of the Best Places to Work in Europe
FORTUNE magazine's research to identify Europe's best workplaces has placed Morgan Stanley firmly in the top 10.
FORTUNE Magazine Recognizes Morgan Stanley in "Best Places to Work" Survey
FORTUNE magazine's research to identify Europe's best workplaces placed Morgan Stanley in the top ten.
BusinessWeek Names Morgan Stanley in 100 Top Brands
BusinessWeek named Morgan Stanley #26 out of 100 top global brands.
YWCA Honors Firm With Salute to Women Achievers 2002
Marie Molé was recently inducted into the YWCA-NYC's Academy of Women Achievers during its 29th Annual Salute to Women Achievers Luncheon.
UK Sunday Times Honors Morgan Stanley in "100 Best Companies to Work For 2002"
Morgan Stanley ranked #21.
Latina Style Names Morgan Stanley in 50 Best Employers List
Latina Style magazine named Morgan Stanley as one of the "50 Best Companies to Work for in the U.S" in its fifth annual survey.
Firm Ranks #1 in Global Investor's First Transition Management Survey
Global Investor has named Morgan Stanley #1 for Overall Customer Satisfaction on a weighted basis in the publication's first transition management survey. The survey appears in the April 2003 edition of Global Investor magazine.
 2002 Internet
Morgan Stanley Takes Five of the 2001 Euromoney.com Internet Awards
This is the second year running that the Firm has won best sites for Online Equities, Equity Research and Equity Trading.
 2002 Investment Banking
Firm Provides "Pockets of Brilliance" in Difficult Year
The editors and reporters of Investment Dealer's Digest (IDD) recently announced their awards for the best deals of 2002, a year the magazine noted as being one of the most challenging since the Great Depression.
Investment Managers Rank Morgan Stanley First in European Banking Survey
404 investment management firms voted Morgan Stanley number one.
 2002 Investment Management
Investment Management Named "Balanced Manager of the Year"
The magazine recognized the Global Balanced portfolio for the second year running — an unprecedented feat.
Investment Management Ranks #1 in Japanese Pension Survey
Morgan Stanley Investment Management (MSIM) was ranked in joint first place in terms of brand name recognition among all 25 foreign asset managers in Japan in a recent corporate pension survey conducted by Mercer Investment Consulting.
Morgan Stanley Investment Management Named #3 Mutual Fund Brand in Europe
A new survey by Sector Analysis, a London based market research firm has ranked Morgan Stanley Investment Management as the 3rd most recognised mutual fund brand in Europe.
 2002 Prime Brokerage
Euromoney Votes Firm Securities Lending #1 for Second Consecutive Year
Euromoney announced Morgan Stanley the best and biggest equity borrower.
Morgan Stanley Prime Brokerage and IT Documentation Take Home Three Awards for Technical Communication
New York Metro Chapter of the Society for Technical Communication (STC) recently honored Morgan Stanley Prime Brokerage and IT Documentation in its 2001-2002 competition.
 2002 Research
Morgan Stanley Wins Top Honors in Euromoney Credit Research Poll 2002
For the second year in a row, Morgan Stanley was ranked the Best High Grade Research Team in Euromoney's annual poll of investors, published April 2002.
Mainichi Economist Ranks Firm in Annual Analyst/Economist Poll
In the sixth annual Mainichi Economist analyst/economist poll, Morgan Stanley ranked fifth with 6,895 points.
Morgan Stanley Captures Eight of Top Ten Spots on Most Widely Read Wall Street Analyst List
According to a survey by Thompson Financial/First Call, Morgan Stanley analysts are the most widely read on Wall Street. The survey targeted institutional investors in North American equities. Morgan Stanley analysts captured eight of the top ten spots.
Institutional Investor All-Japan Research Survey: Morgan Stanley Ranked Top
Morgan Stanley was ranked second behind Nomura Securities with 18 team positions. The Firm remained the top-ranked non-Japanese research house for the fourth consecutive year.
Institutional Investor Names Morgan Stanley in All-America Poll
In the Institutional Investor All-America poll, released October 15, Morgan Stanley placed fifth overall with 42 positions.
Morgan Stanley's Spanish Research Team Named "Best Research Team" for Third Straight Year
Expansion, one of Spain's leading economic daily publications, has recently recognized Morgan Stanley's research team in Spain Best Research Team in their annual awards.
Institutional Investor Ranks Morgan Stanley in Top Ten of All-Europe Research Poll
In the just-released Institutional Investor All-Europe Poll, Morgan Stanley placed 6 overall with 24 positions.

 2001 Derivatives
Morgan Stanley Wins Energy and Commodity Derivatives House of the Year
In the January 2001 issue of Risk magazine, Morgan Stanley received the Energy and Commodity Derivatives House of the Year award.
RiskAdvisory "2000 Canadian Energy Sector — Portfolio Management Survey"
First Overall Ranking in Canadian Natural Gas Markets and First Overall Ranking in Canadian Crude Oil Markets.
Institutional Investor's 2001 Global Derivatives Poll Ranks Morgan Stanley #1 Dealer in Credit Derivatives
The February 2001 issue of Institutional Investor ranks Morgan Stanley #1 in five categories.
 2001 Fixed Income
Morgan Stanley's Aircraft Finance Team Soars to the Top of AirFinance Journal's Annual Deal Review
The Firm was recognized for the Trust Certificate transaction for United Airlines and an EETC issued by Iberia, a Spanish airline.
Morgan Stanley Awarded Real Estate-Backed Securities Deal of the Year
Morgan Stanley has been awarded Thomson DealWatch's "Real Estate-Backed Securities Deal of the Year 2000"1 for its second non-performing real estate securitization transaction in Japan,
 2001 Foreign Exchange
Morgan Stanley Honored in Global Finance's "Best Foreign Exchange Banks and Providers" Survey
Morgan Stanley was honored as one of the best North American foreign exchange providers by Global Finance in their "Best Foreign Exchange Banks and Providers" 2001 survey.
 2001 General
Morgan Stanley Takes Five of the 2001 Euromoney.com Internet Awards
In this year's euromoney.com Internet Awards, Morgan Stanley came in second, winning five awards.
Morgan Stanley-Sponsored Film Awarded 2001 Best Documentary by the National Board of Review
The Endurance: Shackleton's Legendary Antarctic Expedition recently received the Best Documentary Award from the National Board of Review of Motion Pictures.
Morgan Stanley Asia Takes Top Honors in Regional Awards
Morgan Stanley Asia has won several of the top Asia Pacific awards announced by leading financial publications for the year 2000.
Fortune Ranks Morgan Stanley Among the "Most Admired" Companies in the U.S.
This ranking represents the second year in a row that Morgan Stanley has ranked #3.
Morgan Stanley Ranks #47 in Worth Magazine's "50 Companies That Gave the Most"
In their December/January 2001 issue, Worth magazine recognized Morgan Stanley for the Firm's dedication to assisting at-risk youths.
 2001 Investment Banking
Morgan Stanley Voted Best Investment Bank in the 2001 Reuters Survey of European Smaller Companies
The results and findings of this year's Reuters Survey of European Smaller Companies have been published by Tempest Consultants. Morgan Stanley won the overall award for Best Investment Bank according to the Finance Directors.
Morgan Stanley Ranks #1 in Financial Post Rankings for 2000
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.
Morgan Stanley Wins Deal of the Year Awards From Investment Dealers' Digest
Morgan Stanley took top honors in four major categories, including Breakthrough Deal of the Year.
Life Securitization Awarded Nikkei's ABS Deal of the Year 2001
Morgan Stanley's securitization of consumer loan assets originated by Life, a failed consumer credit firm, was awarded the Nikkei's "Deal of the Year 2001" in the Structured Products/Asset-Backed Securities (ABS) category. Morgan Stanley acted as arranger and sole-lead manager for the offering, which was completed in October 2001.
NEC Convertible Garners Japan Deal Awards
Morgan Stanley's JPY100 billion convertible offering for NEC, Japan's leading electronics conglomerate, was awarded both IFR's "Asia-Pacific Equity-Linked Issue of the Year 2001" and Asiamoney's "Japan Equity-Linked Deal of the Year."
Morgan Stanley Wins Best Investment Bank for European Securitisation ... Again!
Having last year won the industry's most prestigious award, Morgan Stanley has, again, been voted in Europe by issuers, investors and its peers "Best Investment Bank for Securitisation," as reported in Structured Finance International magazine.
Securities Lending: Morgan Stanley Dominates Industry Survey
Morgan Stanley was rated the best and biggest equity borrower in Euromoney's International Securities Finance (ISF) 2001 Global Equity Lending Survey.
Securitized Products Group Wins Commercial Mortgage Backed Securities Triple Crown for Second Year in a Row
Morgan Stanley's Securitized Products Group (SPG) continues its dominance of the global Commercial Mortgage Backed Securities (CMBS) market, winning Institutional Investor accolades for the second year in a row.
Morgan Stanley Leads Asia Pacific 2001 M&A League Tables
The Firm captured over 22% of M&A activity in the Region.
Morgan Stanley Wins Top International Financing Review Awards
International Financing Review presented Morgan Stanley with several of their top awards for 2000 at a gala awards ceremony in London.
Morgan Stanley Named ABS Trading House of the Year by Structured Finance International
Morgan Stanley has been recognized for its leadership in ABS market making by the major fixed income investors in Europe.
 2001 Investment Management
Morgan Stanley Rated Best Financial Investment Management Company in Germany
Morgan Stanley has recently been rated the #1 financial investment management company in Germany by the prestigious Feri Trust.
 2001 Mergers & Acquisitions
Morgan Stanley Leads Asia Pacific 2001 M&A League Tables
Morgan Stanley topped the Asia Pacific M&A league tables for 2001 according to Thomson Financial Securities Data.
 2001 Prime Brokerage
Morgan Stanley: "Biggest and Best Borrower" —: Euromoney's International Securities Finance (ISF) Survey
Euromoney's International Securities Lending Survey, completed Fall 2001, ranked Morgan Stanley as the "biggest and best borrower." Morgan Stanley also ranked first in market knowledge, risk management/credit capacity, operations, connectivity & automation, innovation & product knowledge, market development, synthetic capability, and global coverage & co-ordination.
Morgan Stanley Prime Brokerage: First Choice for Leading Hedge Funds Worldwide
HedgeWorld Limited, using data and information supplied by 998 hedge fund managers with $104.2 billion in assets, ranked the top 15 prime brokers in terms of assets and number of funds.
 2001 Research
Reuters Survey Names Morgan Stanley as First Choice on Wall Street
The 2001 Reuters survey of U.S. larger companies polled 378 large-cap companies and 173 fund managers who manage a total of $5.3 trillion.
Morgan Stanley Places Second for Fourth Straight Year in Fifth Mainichi Economist Analyst/Economist Poll
In the fifth Mainichi Economist annual analyst/economist poll, Morgan Stanley came in second for the fourth consecutive year with 4,961 points.
Institutional Investor All-Europe Research Team Poll 2001
Morgan Stanley's European Equity Research Team has been ranked #5 in the 2001 Institutional Investor All-Europe Research Team Poll and #3 for Pan-Europe Sector Research, with just two positions separating us and CSFB, who placed first.
Morgan Stanley Scoops Four Awards at L'agefi's Les Grands Prix De L'analyse Fiananciere 2001
Morgan Stanley's European Research Team celebrated on June 27 after winning four awards at L'Agefi's prestigious Financial Analysis Awards 2001 (Les Grands Prix de l'Analyse Financiere 2001), held in Paris.
Morgan Stanley Lands First Place for Institutional Investor All-Japan Research Team — First Non-Japanese House to Rank #1
Morgan Stanley was ranked #1 with a total of 23 positions, which is the first time ever that a non-Japanese house has achieved this distinction.
Morgan Stanley's European Credit Analysts Scoop Euromoney Awards
Morgan Stanley's European credit analysts achieved high rankings in the annual Euromoney Credit Research Analysts poll published in the April 2001 issue.
Japan Credit Research Team Tops Nikkei Rankings
Morgan Stanley Japan's credit research team topped the Nikkei's Bond & Money Newsletter credit analyst rankings in its influential annual fixed income research poll.
Morgan Stanley Sweeps Institutional Investor Asia Research Survey With Eight "First Team" Positions
Morgan Stanley's eight "first team" positions were awarded to Economics, Equity Strategy, Banking, Consumer, Internet, Power, Telecommunications and India.
 2001 Sales & Trading
Morgan Stanley Awarded Best Institutional Broker/Dealer Performance in Cross-Border Equities
Morgan Stanley Europe was awarded best Institutional Broker/Dealer Performance in Cross-Border Equities at the Straight Through Processing (STP) Information Services STP Benchmarks award ceremony in London last week.

 2000 General
Morgan Stanley Is #7 of Business Week's "50 Best Performers"
Morgan Stanley claims the highest ranking of any company in the financial industry.
Morgan Stanley Wins Euromoney Internet Awards
In its November edition, Euromoney awarded Morgan Stanley three of its highest Internet Awards: Best Bank for Online Equity, Best Bank for Online Fixed Income and Best Site for Forex Research and Analytics.
Morgan Stanley Asia Takes Top Honors in Regional Awards
Morgan Stanley Asia has won several of the top Asia Pacific awards announced by leading financial publications for the year 2000.
Institutional IT Announces 2000 CIO Award Winners
Each year Institutional IT recognizes its best and brightest with the CIO Awards. On December 7, this year's winners were announced.
Morgan Stanley Asia Wins Hong Kong Government's "Good People Management Award"
Morgan Stanley Asia won the "Good People Management Award 2000" in the 500+ employees category.
Morgan Stanley Is #11 of Forbes Global 500
With this achievement, Morgan Stanley moves up from 15th place in last year's Global 500.
Discovercard.com Ranked Fifth in USAToday website Poll
Discovercard.com was ranked one of the fastest-growing websites.
Morgan Stanley Receives Service Award From National Alliance for the Mentally Ill
The National Alliance for the Mentally Ill (NAMI) honored Morgan Stanley with the Charles C. Colt Award for Outstanding Corporate Responsibility.
Fourth Mainichi Economist Poll: Morgan Stanley Ranks 2nd for Third Straight Year Overall, 1st for the First Time in Industrial
Morgan Stanley improved its score in virtually all sectors.
 2000 Investment Banking
Morgan Stanley Named Best Investment Bank in China
Finance Asia, a regional capital markets magazine, recently named Morgan Stanley "Best Foreign Investment Bank" and the Firm's joint venture China International Capital Corporation as "Best Domestic Investment Bank" in China.
Morgan Stanley Wins "Bank of the Year" From Investment Dealers' Digest
In its January 24, 2000 issue, IDD commends Morgan Stanley for its key role in many of 1999's significant transactions in M&A and equity underwriting in the U.S. and abroad, and its industry-leading position in the European marketplace.
Morgan Stanley Wins "Best Investment Bank" in the Euromoney Awards for Excellence
Morgan Stanley was named the "Best Investment Bank" for the second year in a row in the annualEuromoney Awards for Excellence. Other major awards collected on the night were "Best Underwriter of Emerging Market Debt" and "Best Sovereign Bond House."
 2000 Investment Management
Morgan Stanley Japan Growth Fund Receives Morningstar "Fund of the Year" Award
The MS Japan Growth Fund was also granted the full five-star rating by Morningstar upon its graduation from the Rookie Fund category.
Morgan Stanley Rated Best Financial Investment Management Company in Germany
Morgan Stanley has recently been rated the #1 financial investment management company in Germany by the prestigious Feri Trust.
 2000 Mergers & Acquisitions
Morgan Stanley Ranked First in Latin American M&A
Morgan Stanley is leading in transaction volume and landmark transactions in an M&A market that is rapidly evolving into highly sophisticated deals.
Morgan Stanley Ranked Second in Japan M&A for First Half of 2000
Morgan Stanley ranked second for the first half of 2000 in the Japanese M&A league table recently released by Thomson Financial Securities Data.
 2000 Research
Morgan Stanley Ranks #1 in Institutional Investor's 2000 Global Research Team
Morgan Stanley repeated its #1 showing in Institutional Investor's Fourth Annual Global Research Poll.
Morgan Stanley Ranked #2 in 2000 Institutional Investor All-Europe Research Team Poll
The results include 15 #1 sector team positions, the most of any house.
Morgan Stanley Analysts Rank High in Reuters Survey 2000
Morgan Stanley has 54 top-ranked analysts by industry sector — as determined by fund managers and corporations.
2000 Institutional Investor Latin America Research Team
The Latin America Research Team moved from third to second position in overall firm rank in Institutional Investor's 2000 research poll. Morgan Stanley earned a total of 11 positions again this year.
Morgan Stanley Wins Top Award for Research in Reuters Survey
Morgan Stanley has been presented with the award for "Best Broker Research according to the Fund Management Groups" in the 2000 Reuters Survey of European Larger Companies.
Morgan Stanley Ranked #1 in Institutional Investor 2000 All-America Research Poll
In its October 2000 issue, Institutional Investor posted its results for the Institutional Investor 2000 All-American poll. A combination of talent and hard work catapulted Morgan Stanley to a tie for the No. 1 spot, up from third in 1999.
2000 Institutional Investor All-Asia Research Team (Japan)
Morgan Stanley ranked second in Institutional Investor's recent Nikkei poll, capturing a total of 19 team positions.
Morgan Stanley Tops Euromoney/Global Investor European Brokers Survey
Euromoney/Global Investor Magazine has announced the results of its 2000 European Broker Survey in which Morgan Stanley has won 3 out of the 6 lead categories.
The 2000 Nikkei Survey: 12th Annual Analyst Poll
Morgan Stanley ranks second overall for two years running and maintains top spot among foreign firms.
Morgan Stanley Scoops Awards at Credit Magazine's European Credit Analysts of the Year Awards 2000
Four of the 11 principal awards were won by Morgan Stanley analysts, with "Top 5" rankings in nine categories.
Morgan Stanley Ranks #2 in Institutional Investor's 2000 All-Asia Research Team (Japan)
Morgan Stanley had a repeat performance with a #2 ranking in the Japanese Institutional Investor Survey, with 19 total team positions — unchanged from its position last year.
Morgan Stanley Ranks #2 in Institutional Investor's Global Fixed Income Research Team Poll
Morgan Stanley ranked #1 in High-Grade Financials, #1 in High-Grade Industrials and #2 in High-Grade Strategy.
 2000 Sales & Trading
Morgan Stanley Ranks Fifth Overall in Institutional Investor's Fixed-Income Trading Survey
In its December issue, Institutional Investor ranks the leading fixed-income trading firms, based on a survey of the top 300 money management firms in the U.S. Morgan Stanley places first in Commercial Mortgage-Backed Securities (CMBS) secondary trading for the third year in a row.
Morgan Stanley Named Derivatives House of the Year and Interest Rates Derivatives House of the Year
Risk Magazine honors Morgan Stanley with Risk Awards 2000, citing creativity and customer relations among winning attributes.

 1999 Credit Services
DBD TV Ad Wins Best of Show at FCS Portfolio Awards
The Financial Communications Society, a non-profit organization dedicated to the improvement of professional standards in financial communications, awarded Morgan Stanley’s Discover Brokerage Direct advertising campaign "Best of Show" and "Best Print Campaign, Consumer Retail" at the society's annual Portfolio Awards™.
Discover® Card Wins 1999 Customer Loyalty Award
Discover® Card is the 1999 winner of the Brand Keys Customer Loyalty Award in the credit card category and is, notably, one of four repeat winners.
 1999 Electronic Brokerage
DBD TV Ad Wins Best of Show at FCS Portfolio Awards
On May 6, 1999, the Financial Communications Society, a non-profit organization dedicated to the improvement of professional standards in financial communications, awarded Morgan Stanley's Discover Brokerage Direct advertising campaign "Best of Show" and "Best Print Campaign, Consumer Retail" at the society's annual Portfolio Awards.TM.
Discover Brokerage Climbs in Gomez' Internet Broker Rankings
Morgan Stanley's Discover Brokerage Direct (DBD) moved from fourth to second in Gomez Advisors' Spring 1999 Internet Broker Scorecard.
Discover Brokerage Goes Four for Four
In its March 15th issue, Barron's rated Discover Brokerage Direct (DBD) four stars, its highest rating, for the fourth straight year in the publications' annual rating of online brokerages — a distinction unmatched by any other online brokerage.
Discover Brokerage Earns Top Rating in Kiplinger's Online Broker Survey
In October 1999, Discover Brokerage, a Morgan Stanley company, today announced it received the top rating of five stars in Kiplinger's Stock 2000 survey of online brokerages. This award marks the third time in 1999 that Discover Brokerage has received the top rating in an Internet broker survey.
Discover Brokerage Named Consumers Digest "Top-Tier Broker Site"
In its July/August edition, consumer interest magazine Consumers Digest recognized Discover Brokerage's leadership in online investing, naming the company a "Top-Tier Broker Site."
 1999 General
Morgan Stanley Is One of the World’s Most Admired Companies
In its October 11, 1999 issue, Fortune presented its annual list of the world's most admired companies: Morgan Stanley is the #2 most admired company in the Securities and Diversified Financials category.
Philip Purcell Named a Top CEO in Worth
In its May 1999 issue, Worth magazine profiles and ranks The 50 Best CEOs. Morgan Stanley's Philip J. Purcell placed 17th — the only CEO from a financial services firm to make the list.
Morgan Stanley Wins Corporate Finance's "Investment Bank of the Year" Award
Morgan Stanley was also honored with a significant number of "Deal of the Year" awards at the dinner.
Morgan Stanley's Polsky Named to Derivatives Hall of Fame
Morgan Stanley Chief Risk Officer Lisa Polsky's "sweeping" contributions to the derivatives industry over the last twenty years landed her in Derivative Strategy's 1999 Hall of Fame.
Business Week Names Morgan Stanley 8th-Best Performing Company
In its March 29, 1999, issue, Business Week ranked the top 50 best performing companies in the Standard & Poor’s 500 index for 1998. Morgan Stanley ranked eighth, up from tenth last year.
Morgan Stanley Named to Business 2.0 100
In its July issue, Business 2.0 unveils its Business 2.0 100, "a unique new ranking of the sharpest companies taking advantage of the networked economy," according to the release announcing the Business 2.0 100's creation.
Morgan Stanley Named One of America's Most Admired Companies
In its March 1, 1999, issue, Fortune magazine ranked companies across and within industries on their "corporate reputations." Once again, Morgan Stanley scored well, ranking second among the most admired companies in the securities industry.
Morgan Stanley "Laps the Competition" in Fortune 500 Rankings
Fortune 500 rankings, released in Fortune's April 26th issue, Morgan Stanley clearly demonstrated the wisdom of its business strategy and its industry leadership, jumping to 29th overall and coming in first among financial services in return on equity. In addition, Morgan Stanley ranked seventh across all industries in assets.
Morgan Stanley Most-Read Brokerage Firm Worldwide in 2Q99
On July 19, 1999, First Call Corporation, a Thomson Financial company, announced the most-read brokerage firms, analysts, and industries in six global regions: worldwide, North America, Europe, Asia, Latin America, and Japan.
Morgan Stanley Wins Financial Times / Arts & Business Award for Sargent Sponsorship
In early December, Morgan Stanley was presented with an award by Arts & Business for its sponsorship of the John Singer Sargent exhibition at the Tate Gallery in London (October 1998 – January 1999).
Morgan Stanley Is One of America's Most Generous Companies
In its December 1999/January 2000 issue, Worth magazine takes the "true measure of corporate generosity" and the result is a Worth/Council on Economic Priorities (CEP) first-ever ranking of the most generous companies in America. Morgan Stanley makes Worth's "Top Givers" list.
Morgan Stanley Wins Five Euromoney "1999 Awards for Excellence"
In its July 1999 issue, Euromoney awarded Morgan Stanley five of its distinguished "1999 Awards for Excellence": "Best Investment Bank," "Best Mergers and Acquisitions Advisor," "Best Sovereign Bond House," "Best Securities Firm in the USA," and "Best Debt Underwriter in Latin America."
David Nelms in Crain's "40 Under 40"
Nelms is recognized for his achievements as President and COO of Discover Financial.
Morgan Stanley Cited as Global Growth Company
Morgan Stanley came in at 22nd in Deloitte Touche Tohmatsu and World Link magazine's Top 200 Global Growth Companies survey.
Morgan Stanley Named to Forbes' 1999 Super 100
Morgan Stanley ranks fourteenth on Forbes magazine's 1999 Super 100, which lists the largest U.S. corporations according to sales, profits, assets and market value. The Firm moves up from 15th place in 1998's Super 100 rankings.
 1999 Individual Securities
Morgan Stanley's Retail Broking Force Wins Euromoney Award for Excellence
In its July 1999 issue, Euromoney awarded Morgan Stanley five of its distinguished "1999 Awards for Excellence": "Best Investment Bank," "Best Mergers and Acquisitions Advisor," "Best Sovereign Bond House," "Best Securities Firm in the USA," and "Best Debt Underwriter in Latin America."
 1999 Information Technology
Morgan Stanley Sponsors Computerworld Smithsonian Awards
On June 7, 1999, Morgan Stanley's Jim Tilley and Jim Liang presented the first-ever Morgan Stanley Information Technology Leadership Award for Global Commerce at the 1999 Computerworld Smithsonian Awards Program.
 1999 Investment Banking
Morgan Stanley Receives Four IDD Deal of the Year Awards
Investment Dealers' Digest praises creativity, impact on the market, and size.
Securities Data Company's First Quarter 1999 Rankings
Morgan Stanley Wins Euromoney's "1999 Best Investment Bank" Award
In its July 1999 issue, Euromoney awarded Morgan Stanley five of its distinguished "1999 Awards for Excellence": "Best Investment Bank," "Best Mergers and Acquisitions Advisor," "Best Sovereign Bond House," "Best Securities Firm in the USA," and "Best Debt Underwriter in Latin America."
Morgan Stanley Ranked Number One Investment Bank for U.S. Interest Rate Options
In its May 1999 issue, Risk magazine ranked Morgan Stanley the number one investment bank for U.S. interest rate options in its annual survey of end-users.
Morgan Stanley Is IFR's Eurobond House of the Year and U.S. Equity House of the Year
IFR praises Morgan Stanley for its evenly balanced market presence and prestigious client roster.
Morgan Stanley Named Best U.S. Investment Bank by Global Finance
In October issue of Global Finance magazine names the world's best banks, based on a survey of its readers and extensive research among major users of banking services and analysts who follow the banking sector. Morgan Stanley wins Best Investment Bank in the United States.
 1999 Investment Management
Nikkei Money Ranks Morgan Stanley Asset Management Japan at Top of List
In its August edition, Nikkei Money compiled its second "Nikkei Money Fund Manager Ranking," Morgan Stanley Investment Management in Japan, was ranked first in two out of five categories.
Morgan Stanley Trust's Hegedus Named a Top CIO
The April 1999 issue of Wall Street & Technology includes its second annual ranking of "Wall Street's finest" buy-side and sell-side CIOs.
 1999 Mergers & Acquisitions
Morgan Stanley Ranks Top Merger Advisor in Asia
Morgan Stanley was ranked top merger advisor in Asia, excluding Japan, for the first half of 1999, according to figures compiled by the Securities Data Company.
Morgan Stanley Wins Euromoney's "1999 Best Mergers & Acquisitions Advisor" Award
In its July 1999 issue, Euromoney awarded Morgan Stanley five of its distinguished "1999 Awards for Excellence": "Best Investment Bank," "Best Mergers and Acquisitions Advisor," "Best Sovereign Bond House," "Best Securities Firm in the USA," and "Best Debt Underwriter in Latin America."
Morgan Stanley Wins Bank of the Year in Acquisitions Monthly Annual Awards
On Tuesday, 13th April, at the inaugural Acquisitions Monthly Annual Awards dinner, Morgan Stanley was awarded Bank of the Year. Michael Zaoui, co-head of European M&A, collected the award.
Morgan Stanley Ranks #2 in Central European M&A Survey
In its August 1999 edition, Central European rates international and local investment banks demonstrating winning M&A advisory work in the region. Morgan Stanley ranks second.
Morgan Stanley Ranks #1 in M&A Transactions for the First Half of 1999
Morgan Stanley was ranked top advisor in all announced M&A transactions for the first half of 1999, excluding Australia and New Zealand, according to data released by the Securities Data Company, Inc. Morgan Stanley's top ranking includes a combined value of $5,456.2 million and a 16.7% market share.
 1999 Research
1999 Institutional Investor All-Asia Research Team (excluding Japan)
Morgan Stanley ranked 5th overall in the Institutional Investor All Asia 1999 poll, moving up from a 6th place tie in 1998. Equity Research secured eight team positions versus six in 1998 and ranked in five of seven industry categories and in both equity macro categories.
1999 Institutional Investor Latin America Research Team
The Latin America Research Team moved from third position to second in overall firm rank in Institutional Investor's 1999 research poll. Morgan Stanley earned a total of eleven positions — up from nine in 1998.
Morgan Stanley Places First in Institutional Investor's 1999 Global Research Team
In the Institutional Investor 1999 Global Research Team, released in II's December 1999 issue, Morgan Stanley secured the top spot with 22 positions.
1999 Nikkei Survey — 11th Annual Research Analyst Poll
Nikkei Financial Daily, a leading financial newspaper in Japan, publishes an annual poll on Japanese research teams. In this year’s poll, published in April 1999, Morgan Stanley had the following results.
Morgan Stanley Wins Top Ranking Among Foreign Firms in the Mainichi Economist Analyst Poll
The Weekly Economist, a financial magazine published by the Mainichi Newspaper, the third largest national daily in Japan, conducted its third annual poll of Japanese equity research.
Morgan Stanley Tops Financial News Poll of Polls
Morgan Stanley ranks first in global equity research firms in Financial News' third annual poll of polls.
Van Kampen's Municipal Research Team Honored
Congratulations to Van Kampen's municipal research team as well as the following individuals of Van Kampen's municipal research staff who have been honored by being selected for the 1999 All-Star Municipal Analysts Team by SMITH'S Research & Rating Review.
Morgan Stanley Jumps from 11th to 3rd Place in Institutional Investor European Research Poll
On Monday, February 15th, Institutional Investor announced its 1999 All-Europe Research Team, ranking analysts from 36 firms in 75 industries and investment specialties.
1999 Institutional Investor All-Asia Research Team (Japan)
Morgan Stanley produced a repeat performance of its success in the recent Nikkei poll with a #2 ranking in the Japanese Institutional Investor survey, another record for the department.
Morgan Stanley Ranks at Top of 1999 Reuters Survey of U.S. Larger Company Investment Research, Sales and Trading
For the second year in a row, fund managers ranked Morgan Stanley #1 in overall research, and corporations ranked Morgan Stanley #2 in overall research in Reuter's 1999 Survey of U.S. Larger Company Investment Research, Sales and Trading.
Wall Street Journal 1999 All-Star Survey
Morgan Stanley captured twenty-eight spots and finished in fourth place overall in the Wall Street Journal All-Star Analysts Survey.
Morgan Stanley Analysts Make Institutional Investor's All-America Fixed-Income Research Team
In its August 1999 edition, Institutional Investor released the results of its All-America Fixed-Income Research Team poll of fixed-income analysts in 59 categories. Morgan Stanley ranked seventh overall, with 13 analysts placing in 16 sectors.
Morgan Stanley Scores in Institutional Investor's 1999 All-America Research Team Poll
In its October 15, 1999 issue, Institutional Investor released its 1999 All-America Research Team, in which Morgan Stanley secured three additional positions (53) versus last year (50). In a tight race for the top spot, Morgan Stanley placed third overall, three positions behind Merrill Lynch (56) and two positions behind Salomon Smith Barney (55).
 1999 Sales & Trading
Morgan Stanley ABS Maintains Place at Top
On September 27, 1999, Asset-Backed Alert announced that Morgan Stanley ranked first in broker/dealers for insurers' ABS investments for the first half of 1999.
Morgan Stanley #1 in Latin American Debt Capital Markets
Morgan Stanley continues to be the leader in the Latin American fixed income markets in the first half of 1999. Morgan Stanley re-established itself as the number one underwriter for all Latin American debt in 1999 by executing six prestigious and coveted bond offerings.
Morgan Stanley's Sales & Trading Wins Euromoney Awards for Excellence
In its July 1999 issue, Euromoney awarded Morgan Stanley five of its distinguished "1999 Awards for Excellence": "Best Investment Bank," "Best Mergers and Acquisitions Advisor," "Best Sovereign Bond House," "Best Securities Firm in the USA," and "Best Debt Underwriter in Latin America."
Morgan Stanley Sales & Trading Tops 1999 Reuters European Survey
This year, a section on sales and trading was included for the first time in the Reuters Survey of European Larger Companies.
Risk Ranks Morgan Stanley Derivatives Business a Valuable Commodity
In Risk magazine's 1999 commodities derivatives survey, Morgan Stanley's commodities business performed well, receiving eighteen top-three rankings, including seven first-place rankings.
Morgan Stanley #1 International Bond Bookrunner in Second Quarter 1999
Morgan Stanley led the league of top international bond bookrunners in the second quarter of 1999.
Morgan Stanley Voted Top in Portfolio Trading Survey
Morgan Stanley has beaten a field of 29 other securities houses and jumped three places over last year to be named the best portfolio trading firm by leading investment managers in an annual survey conducted by the Financial News, a securities and investment banking weekly newspaper published in London.
Morgan Stanley at Top in II Survey of Fixed-Income Trading
Morgan Stanley places first in Commercial Mortgage-Backed Securities (CMBS) secondary trading, second in Asset-Backed Securities (ABS) secondary trading, and ranks fifth overall, maintaining its 1998 position.
Morgan Stanley Ranks High in International Insider's First Half EM League Tables
International Insider's Emerging Market league tables for the first half of 1999 rank Morgan Stanley second for deals in the Euro sector.

 1998 Credit Services
Discover® and Private Issue® Cards Outsatisfy Competitors in Customer Study
In J.D. Power and Associates 1998 Comprehensive Cardholder Satisfaction Study,SM Discover® and Private Issue® cards tied for first among Reward cards by providing customers with the highest overall satisfaction among Reward cardholders.
Fortune Magazine's March 1998 Industry Rankings
Executives, Directors, and Securities Analysts ranked their own industries.
Fortune Names Morgan Stanley One of Most Admired Companies in World
Morgan Stanley ranked #4 on Fortune magazine's list of the Top 10 Most Admired Securities/Diversified Financial Companies. Morgan Stanley also made Fortune's 1996 and 1997 lists as #2 in Securities (as Morgan Stanley Group) and #7 in 1996 and #6 in 1997 in Consumer Credit (as Dean Witter Discover).
 1998 Investment Banking
Morgan Stanley Honored in ECM/World Equity Awards
ECM/World Equity is a quarterly publication owned by the International Financing Review. Thus, two of the ECM/World Equity awards that Morgan Stanley received were for deals also recognized by IFR.
MTN Week's EMTN Issuer Poll
In the March 13, 1998 issue of MTN Week, Morgan Stanley ranked as the Top Dealer for Innovative Structures (those that present creative funding opportunities to issuers) for the second year in a row. This reflects the emphasis Morgan Stanley places on providing clients with a value-added service.
Morgan Stanley Wins Unprecedented Number of Top IFR Awards
International Financing Review (IFR) announced yesterday that Morgan Stanley Dean Witter has won three of its six top awards for 1998: Bank of the Year, Bond House of the Year and Equity House of the Year. According to IFR, this is unprecedented in the history of the awards.
Morgan Stanley Recognized in IFR Individual Deal Awards
1998 International Financing Review Review of the Year Awards.
Privatisation International Awards Morgan Stanley Deals of the Year
In its February 1999 issue, Privatisation International (PI) announced the recipients of its deals of the year.
Morgan Stanley Wins Bank of the Year in Acquisitions Monthly Annual Awards
On Tuesday, 13th April, at the inaugural Acquisitions Monthly Annual Awards dinner, Morgan Stanley was awarded Bank of the Year. Michael Zaoui, co-head of European M&A, collected the award.
Bloomberg Names Morgan Stanley Most Successful High-Tech IPO Underwriter
In its August 1998 issue, Bloomberg magazine ranked Morgan Stanley Dean Witter as the most successful underwriter for the period June 1, 1997 through June 1, 1998, noting that "technology companies want underwriters that understand their business models, and they want underwriters that provide additional services after the offering takes place."
ECM/World Equity Awards Highlight Morgan Stanley's Deal Successes
In March, Morgan Stanley advised The Energy Group (TEG) in its acquisition by Texas Utilities Corp. Texas Utilities acquired TEG for £4.4BN after topping a bid from Pacificorp. ECM notes that "Both Lazards and Morgan Stanley deserve plaudits for their joint role in the process."
Morgan Stanley's 1998 Successes Highlighted in Euroweek/IER Awards
Morgan Stanley received the following awards from Euroweek and its sister publication, International Equity Review, in the magazines' year-end reviews.
Investment Dealers' Digest First Quarter 1998 Mergers & Acquisitions Profile
IDD's April 13, 1998 issue profiled the top brokerage firms' M&A divisions, including Morgan Stanley's "always-steady" Mergers, Acquisitions & Restructuring Department. Morgan Stanley was the Top Advisor on All Global Cross-Border Transactions for 1Q98.
Finance Asia Names Morgan Stanley Best International Investment Bank
In its review of 1998, Finance Asia named Morgan Stanley the Best International Investment Bank, citing the Firm for "pulling off a number of landmark transactions under adverse market conditions." The magazine recognized the following deals on Morgan Stanley's "solid roster of transactions."
Morgan Stanley Receives IDD Breakthrough Deal Award Mentions
Morgan Stanley received several mentions in Investment Dealer's Digest investment banking Breakthrough Deals of the Year awards, including Breakthrough Deal of the Year in technology for the Netscape/AOL merger and in financial buyers for the Chancellor Media/Capstar merger. Other Morgan Stanley transactions received recognition as well.
Morgan Stanley Receives Numerous Institutional Investor Deal Awards
Americas: Corporate FinanceAmazon.com: $325 million senior discount bonds.
Morgan Stanley Tops SDC Domestic League Tables in ABS, Common Stock, IPOs, and Equity-Related Issues
Morgan Stanley achieved strong results in 1998 in several sectors, according to Securities Data Company, including top positions in ABS, Common Stock, IPOs, and Equity-Related Issues.
 1998 Investment Management
SmartMoney 30 Includes Morgan Stanley Managing Directors
Morgan Stanley's Ruth Hughes-Guden and Mary Meeker ranked number 23 and 27, respectively, on SmartMoney's list of its Top 30 Power Brokers.
Morgan Stanley's www.deanwitter.com/advice Named Outstanding Mutual Funds website
McGladrey & Pullen has recognized www.deanwitter.com/advice as one of 1998's Top 20 Mutual Funds websites. Through online site evaluations and an interactive survey, McGladrey & Pullen's second annual study examined 312 mutual fund websites (up from 181 in 1997) in five categories.
 1998 Mergers & Acquisitions
Investment Dealers' Digest First Quarter 1998 Mergers & Acquisitions Profile
IDD's April 13, 1998 issue profiled the top brokerage firms' M&A divisions, including Morgan Stanley's "always-steady" Mergers, Acquisitions & Restructuring Department. Morgan Stanley was the Top Advisor on All Global Cross-Border Transactions for 1Q98.
ECM/World Equity Awards Highlight Morgan Stanley's Deal Successes
In March, Morgan Stanley advised The Energy Group (TEG) in its acquisition by Texas Utilities Corp. Texas Utilities acquired TEG for £4.4BN after topping a bid from Pacificorp. ECM notes that "Both Lazards and Morgan Stanley deserve plaudits for their joint role in the process."
Morgan Stanley Receives Numerous Institutional Investor Deal Awards
America Online and Netscape Communications Corp.: $4.2 billion: "the first great Internet merger."
 1998 Research
Global Finance Emerging Markets Banks Survey
Morgan Stanley received the Best Emerging Markets Bank in Equity Research for its work in Latin America. In its June 1998 issue, Global Finance cited both the completeness of its coverage and the fact that "Morgan Stanley also puts its research on the line, making recommendations on individual stocks."
II Recognizes Morgan Stanley in Earnings Estimates, Industry Knowledge, etc.
Morgan Stanley's Equity Research analysts were also recognized for their proficiency in their primary activities: picking stocks, estimating corporate earnings, acquiring knowledge of their industries, being responsive to clients' requests and initiating timely calls to investors. In addition, some Morgan Stanley analysts were listed as "up-and-coming."
Fund Managers Rank Morgan Stanley #1 in Reuters 1998 Larger Company Survey
Reuters recently published its second annual U.S. Larger Company Investment Research, Sales and Trading Survey. Tempest Consultants, a subsidiary of Reuters, targeted the S&P 500 constituents and the fund managers who are the largest 100 holders in order to obtain feedback regarding the sell-side's top industry performers.
Morgan Stanley Japan Ranks 2nd in Mainichi-Economist Equity Research Poll
The Weekly Economist, a financial magazine published by the Mainichi Newspaper, conducted its second annual poll of Japanese equity research. Morgan Stanley Japan had 18 ranked analysts ranked in 20 sectors, including three top rankings, four second-place and three third-place finishes.
Morgan Stanley Analysts Recognized in The Wall Street Journal 1998 All Star Survey
In the recently released Wall Street Journal All-Star Analysts Survey, Morgan Stanley Dean Witter captured 26 spots, finishing in fourth place with three more spots than last year.
American Banker's March 1998 Annual Wall Street Sharpshooters Survey
Winners in American Banker's Annual Wall Street Sharpshooters survey were selected for the accuracy of their earnings-per-share forecasts for the year and each quarter. This survey focuses on the bread and butter of the securities business — financial analysis.
Morgan Stanley Outpaces Competition in II All-America Research Poll
In the recently released Institutional Investor All-America Poll, Morgan Stanley earned first place on a weighted average basis* with a score of 137 points, outdistancing Merrill Lynch (127), Salomon Smith Barney (116) and Goldman Sachs (109) respectively.
First Call Names Morgan Stanley Most-Read Research Worldwide in 1998
Morgan Stanley continues its reign as the most-read research firm worldwide, according to First Call Corp., ranking number one for both 4Q1998 and the entire year. In addition, in a press release dated January 19, 1999, First Call Corp. named Morgan Stanley's Stephen Roach most-read analyst worldwide for 1998, and Byron Wien ranked number-one worldwide for the fourth quarter and number-one in North America for full year 1998 and 4Q1998.
Nikkei Financial Daily's 10th Annual Analyst Poll
On March 8, 1998, Nikkei published its poll of 905 Japanese equity portfolio managers. Morgan Stanley improved to third. Our improved showing over a three-year period suggests strong momentum, following fifth and seventh place finishes in 1997 and 1996, respectively.
Institutional Investor 1998 Latin America Research Poll
Morgan Stanley's Latin America Research Team showed tremendous momentum in Institutional Investor's June 1998 research poll. Morgan Stanley moved from fourth position to third position in overall firm rank.
Institutional Investor 1998 All-Asia Poll Results
Institutional Investor released the results of its 1998 research poll, which surveyed close to 400 of the largest institutions investing in Asia. In Japan, Morgan Stanley's team showed significant momentum, moving to third place from fifth, up six ranked positions to 16 overall.
Morgan Stanley's Marsch Named Amongst II Home-Run Hitters
In its March 1999 edition, Institutional Investor named its top large cap and high growth stock pickers for 1998. Morgan Stanley's European telecommunications analyst Paul Marsch made II's large cap Home-Run Hitter list for his positive predictions for Colt Telecom Group.
Global Investor/Euromoney European Brokers Survey
The results of the Global Investor/Euromoney 1998 European Brokers Survey have recently been published. As in previous years, Morgan Stanley Dean Witter achieved a very strong result.
Morgan Stanley Shows Momentum in LatinFinance's 1998 Research Olympics
Morgan Stanley's Latin America Research Team showed tremendous momentum in LatinFinance's recently released 1998 Latin Research Olympics.
Institutional Investor Appoints Morgan Stanley Analysts to 1998 All-America Fixed-Income Research Team
Morgan Stanley ranked fourth in both Asset- & Mortgage-Backed Securities and Strategy & Economics categories in the Institutional Investor August 1998 issue's All America Fixed-Income Research Poll.
Voters Name Morgan Stanley Top Global Research Effort in II 1998 Poll
Morgan Stanley was named Voters' Choice for Best Global Research Effort in Institutional Investor's 1998 Global Research Team, the magazine's second annual ranking of sell-side firms' global research.
Global Investor's March 1998 Latin American Brokers Survey
#4 Overall Equity Research.
Reuters' First Annual Mid to Smaller Company Investment Research, Sales and Trading Survey
Reuters surveyed the research capabilities of prominent financial institutions. Morgan Stanley performed well against its competitors.
 1998 Sales & Trading
Morgan Stanley Prime Brokerage Top Rated in Global Custodian Survey
In Global Custodian's 1998 Prime Brokerage Survey, Morgan Stanley received top ratings among Prime Brokerage's market leaders; Morgan Stanley received two "Commended" rankings in Operations and a "Top Rated" ranking in Financing and Securities Lending.
Morgan Stanley CMBS Website Receives 1998 WebAward
On Tuesday, December 8, 1998, the Web Marketing Association (WMA) announced that the Morgan Stanley Dean Witter Commercial Mortgage-Backed Securities (CMBS) Client Link website has been awarded the Best Investment Site WebAward for 1998.
Morgan Stanley's CMBS Site Wins Prestigious NewMedia INVISION Award
Morgan Stanley Dean Witter's CMBS Client Link website received a bronze award at the 1998 NewMedia INVISION Awards. The winners were formally announced at the Awards Ceremony of the 1998 NewMedia INVISION Awards Festival here in San Francisco on November 12th.
Reuters' First Annual Mid to Smaller Company Investment Research, Sales and Trading Survey
Reuters' published its first U.S. Mid to Smaller Company Investment Research, Sales and Trading Survey in April 1998. The survey concentrated on the dynamic equity market for mid to smaller corporations based on the S&P 400 and S&P 600 indices.
Morgan Stanley's Fixed-Income Trading Climbs in II's 1998 Rankings
Morgan Stanley's fixed-income trading desks showed strong results in Institutional Investor's fourth annual fixed-income trading rankings, which were included in the magazine's November 1998 issue.

 1997 Investment Banking
Euromoney Awards for Excellence 1997
Euromoney's July 1997 survey highlighted Morgan Stanley’s capabilities. Morgan Stanley received the following awards:
Asiamoney Investment Banks of the Year 1997
In Asiamoney's March 1997 issue, Morgan Stanley was named the Equity Investment Bank of the Year for 1997.
Euromoney's 1997 Poll of Polls
The magazine combined its polls throughout 1997 to create this feature in its January 1998 issue.
Investment Dealers' Digest Industry Rankings
In its January 26, 1998 issue, Investment Dealers' Digest published its 1997 issuance tables
Securities Data Company's 1997 Rankings
#1 in worldwide M&A activity, finalizing 262 deals valued at over $280.9 billion.
Corporate Finance Magazine's 1997 Medium-Term Note House of the Year
Morgan Stanley was named "1997 MTN House of the Year" in Corporate Finance Magazine's January 1998 issue.
Securities Data Corporation Ranks Morgan Stanley #1 in Technology 1997
In 1997, Morgan Stanley ranked #1 in technology initial public offerings, lead-managing offerings with an aggregate value of more than $1.5 billion.
International Equity Review's 1997 Banks of the Year Poll
Morgan Stanley performed well in IER's Review of 1997, making many of its Top 10 Deals of the Year lists more than once.
Euromoney/Global Investor's 1997 European Brokers Survey
The survey highlighted Morgan Stanley's growing emphasis and capabilities in global Sales & Trading.
Corporate Finance's Equity Deal of the Year 1997
Morgan Stanley received the 1997 Equity Deal of the Year Award for Telefonica.
Latin Finance Deals of the Year Awards
In its January/February 1998 issue, Latin Finance announced its Deals of the Year awards.
MTNWeek April 4, 1997 Issuer Survey
Only dealer in top five of every category.
Euromoney's 1997 Borrower's Poll
#1 for International Equity Capital-Raising
Euromoney Bondware's Non-Japan Asia Equity and Equity-Linked Financing for First Half 1997 Rankings
In the first six months of 1997, Morgan Stanley lead-managed approximately US$2.145Bn of non-Japan Asia equity and equity-linked offerings from China, Singapore, Malaysia and Hong Kong.
Institutional Investor's 1997 Deals of the Year Awards
In its January 1998 issue, Institutional Investor published its Deals of the Year Awards for 1997. Morgan Stanley received mentions in several categories.
International Financing Review's 1997 League Tables
The February 1998 issue of World Equity included IFR Securities Data/Datastream's 1997 league tables.
Euromoney and Space Business' 1997 Capital Markets Deal of the Year Award
On September 15, 1997, Morgan Stanley received an award for innovations in satellite financing and won the 1997 Capital Markets Deal of the Year for its role as lead manager of a US$710MM high-yield financing for Orion Network Systems completed in January.
World Equity 1997 Awards
West European Equity House of the Year.
Institutional Financing Review's 1997 Awards
Morgan Stanley received the following mention.
Euromoney's 1997 Borrowers' and Peers' Poll
Euromoney recapped its Borrowers' and Peers' Poll in its September 1997 IMF/World Bank Issue.
Euroweek's Review of 1997 Awards
Morgan Stanley received several mentions in Euroweek's January 1998 Eurobond Poll.
Investment Dealers' Digest Breakthrough Deals of the Year Awards
IDD's January 12, 1998 issue included an Equities Year in Review.
Emerging Markets Investor Fund Manager Poll Demonstrates Morgan Stanley's Emerging Markets Capabilities
Morgan Stanley ranked third Best Overall Emerging Market Bank 1997 in EMI's September 1997 survey and received other mentions (all market share figures for January-June 1997) as well.
 1997 Investment Management
Morgan Stanley SICAV Funds Win 20 Standard & Poor's Micropal Performance Awards
Standard & Poor's Micropal recently published their 1997 awards in the U.S., European and Asian press. In France, Germany, Hong Kong and the Offshore categories.
 1997 Mergers & Acquisitions
Securities Data Corporation Ranks Morgan Stanley #1 in Technology M&A 1997
Morgan Stanley maintained its position as the leading advisor in technology mergers and acquisitions, with more than $27.5 billion dollars in transactions announced or completed over the course of the year.
Institutional Investor's 1997 Deals of the Year Awards
II's January 1998 issue recounted 1997's Deals of the Year. Morgan Stanley received M&A Deal of the Year Awards for three different transactions: then-Morgan Stanley's self-advising in its $10.5 billion merger with then-Dean Witter, Discover & Co.; Nationbank's $15.5 billion acquisition of Barnett Banks; and Norfolk Southern Corp. and CSX Corp.'s $13 billion (including debt) acquisition of Conrail.
Securities Data Company's 1997 M&A Rankings
#1 in worldwide M&A activity, finalizing 262 deals valued at over $280.9 billion.
Investment Dealers' Digest Breakthrough Deals of the Year Awards
Breakthrough Healthcare Stock Deal: Morgan Stanley advised Cypress Group and Texas Pacific Group in their partnering with Genesis Health Ventures to acquire the Northeast's largest nursing home chain, the Multicare Companies.
Euromoney Awards for Excellence 1997
Best M&A Advisor (third consecutive year).
 1997 Research
Institutional Investor's June 1997 Latin America Research Team Selection
This poll of securities analysts that track Latin America ranked 94 individuals in 22 categories. Morgan Stanley captured 9 team positions in 1997, ranking fourth overall.
Institutional Investor's October 1997 All-America Research Survey
Institutional Investor's 1997 All-America Research survey released in October named Morgan Stanley's technology research team number one.
Institutional Investor's December 1997 Global Investor Survey
#1 Global Research Effort on the Street
Morgan Stanley Ranks #2 in Emerging Markets Investor Investment Bank Fund Manager Poll
In its September 1997 issue, Emerging Markets Investor published the results of its 1997 Fund Manager Poll. Morgan Stanley received the #2 spot in All Emerging Market Equity Research.
Euromoney Awards for Excellence 1997
Euromoney's July 1997 survey determined which banks performed best in different areas of global capital markets. Candidate lists are based on league tables, banks' profitability, and journalists' market soundings.
Institutional Investor 1997 Non-Japan Asia Survey
#4 Overall (from sixth the year before)
Euromoney/Global Investor's 1997 European Broker’s Survey
#1 Pan-European Sectoral Research, #2 Pan-European Equity Research
Emerging Markets Investor Highlights Morgan Stanley's Mexico Research
In its December 1997 issue, Emerging Markets Investor surveyed 1,500 money managers in London, New York and Hong Kong in order to rank the top players in emerging markets.
Institutional Investor's 1997 All-Asia Research Team
10 positions overall.
24th Annual Extel Survey Results
Extel compiled a Top Ten Analysts list for each of the examined sectors both unweighted and weighted by the size of the funds under management of the investors.
Nikkei Financial Daily's Ninth Annual Financial Analyst Poll
Nikkei's November 1997 annual survey of Japanese stock fund managers ranked 210 analysts. For the second year in a row, Morgan Stanley's Takatoshi Yamamoto was rated the best overall corporate analyst.
 1997 Sales & Trading
RISK Magazine's September 1997 Credit Derivatives Survey
#1 in Total Return Swaps (more than double the votes of its nearest competitor).
Institutional Investor's November 1997 Top 20 Trading Firms Survey
Institutional Investor conducted phone interviews with portfolio managers and traders from the 300 largest U.S. money management firms to create their list of the top 20 trading firms.

 1990 Institutional Securities
Firm Nets Seven 2008 'Deals of the Year' From The Banker
Morgan Stanley took seven of The Banker's "Deals of the Year" for its work throughout 2008.

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