Carlos Oyarbide Joins Morgan Stanley as China Chief Operating Officer

Hong Kong —

Morgan Stanley (NYSE: MS) today announced the appointment of Carlos Oyarbide as a Managing Director and Chief Operating Officer for China.  Mr. Oyarbide will play a critical role in the development and execution of Morgan Stanley's China strategy and in strengthening the Firm's leading platform in this important market.  

Mr. Oyarbide will report to the Firm’s China Chief Executive Officer, Wei Christianson, and assume the new role in July.  

Mr. Oyarbide joins Morgan Stanley from Credit Suisse where he was a Managing Director and Asia Pacific Head of Financial Institutions Group since 2003.  Prior to joining Credit Suisse, he worked for Morgan Stanley for 10 years mostly in Europe and including an assignment in Hong Kong between 1999 and 2000.  Throughout his career, he has advised on many landmark Chinese transactions including the restructuring and the initial public offerings of China Unicom, Sinopec, China Life, SMIC, CCB and ICBC.  

“I am delighted to welcome the return of Carlos, whom I have known and respected for many years,” Ms. Christianson said.  “Carlos’ diverse experience and strong China exposure position him well for this important role.  Together, we will continue our intense focus on providing our clients with cutting-edge ideas, strategic advice and flawless execution in the China market.” 

Mr. Oyarbide received a Master in Business Administration from the Wharton School of Business in 1983. 

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

Contact: Media Relations, Poling Cheung, (852)2848.6501 

                                     Wayne Fu, (852)2848.6719