Blair Pickerell to Head Morgan Stanley Investment Management in Asia

Hong Kong —

Morgan Stanley (NYSE: MS) today announced the appointment of Blair Pickerell as a Managing Director and Head of Morgan Stanley Investment Management (MSIM) for Asia.  Mr. Pickerell, who will be based in Hong Kong and starts in his new role in June, will also be a member of the Firm’s Asia Executive Committee and the MSIM Senior Management Committee.  He joins from HSBC where he was responsible for the bank’s investment management business in the Asia region. 

Hans Schuettler, Chief Executive Officer, Morgan Stanley Asia, said, “With growing global interest in Asia, with regional markets opening up and with the increasing sophistication of institutional and individual investors, the region is a critical growth opportunity for our asset management business. Clients are looking for best-in-class asset management products and, under Blair’s leadership, we are confident that we will continue to deliver.” 

“With over 25 years in Asia, Blair’s regional and product experience will be invaluable as we grow our business geographically and expand the range of asset classes and investment strategies we offer to institutional and high net worth clients,” said Owen Thomas, President of Morgan Stanley Investment Management. 

MSIM offers clients a comprehensive family of bond, equity and multi-asset class products, as well as private partnerships that invest in private equity, venture capital and real estate opportunities.  

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and US$500 billion in assets under management or supervision as of February 28, 2007.  These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. 

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services.  The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 31 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

Blair Pickerell

Prior to this appointment, Blair Pickerell was Chief Executive, Asia Pacific, of HSBC Investments (Hong Kong) Ltd. Mr. Pickerell received his BA and MA from Stanford University and his MBA from Harvard Business School.   

He joined the Jardine Matheson Group in 1984 and in 1985 set up the Jardine Fleming office in Taiwan where he played an active role in the development of its mutual fund industry.   

Mr. Pickerell returned to Hong Kong in 1990 and spent two years at Mandarin Oriental Hotel Group before returning to Jardine Fleming as General Manager of Jardine Fleming Unit Trusts Limited.  In 1995, he was appointed Managing Director of Jardine Pacific Limited, a Hong Kong-based conglomerate with 73,000 staff in over 20 countries, with operations in industries ranging from consumer goods, financial services and restaurants to engineering, transportation and security. 

In August 1999, he rejoined JF Asset Management as Managing Director and as Chairman of JF Funds Limited. He joined HSBC Investments in May 2003 and was a member of the firm’s Global Management Committee. 

Mr. Pickerell lives in Hong Kong with his family.  He speaks and reads Mandarin.

Contact: Media Relations, Nick Footitt, (852)2848.6847 

                                     Poling Cheung, (852)2848.6501