Morgan Stanley

Eitan Raff joins Morgan Stanley as Senior Advisor in Israel

Aug 5, 2010

London —

LONDON, August 05, 2010 – Morgan Stanley (NYSE: MS) announced today that Eitan Raff has joined Morgan Stanley as a Senior Advisor in Israel, with immediate effect.

With a career spanning over 30 years at the highest levels of Israeli business and Government, Raff is a highly respected executive who last month stepped down as Chairman of Bank Leumi Le-Israel, the country’s biggest bank, after 15 years in that role.

He is also a Director at New York Stock Exchange-listed Verifone Holdings, Inc. and is Chairman of the Management Committee of Hebrew University in Jerusalem. Raff has also served as the Comptroller General of the State of Israel.

In his new role, Raff will serve as a Senior Advisor in Morgan Stanley’s Tel Aviv office and will report to Ronnie Golan, Managing Director and Head of Investment Banking and Global Capital Markets coverage for Israel, Central and Eastern Europe, and Africa.

Commenting on the appointment, Golan said: “We are delighted that Eitan has chosen to join Morgan Stanley. He is an important addition to our team and his experience and insights will be of great benefit to our clients as the Firm continues to expand its footprint in Israel. The appointment of such a senior and experienced professional underlines Morgan Stanley’s commitment to further developing its Israel franchise.”

Said Raff: “I am very pleased to have joined Morgan Stanley. The Firm’s reputation for client focus, problem-solving and innovation combined with its extensive global reach means there’s a great opportunity to build and strengthen the bank’s market-leading franchise in the region.”

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42 countries. For further information about Morgan Stanley, please visit

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Note to Editors:

Eitan Raff

Since 1995, Eitan, 68, has been the Chairman of the Board of Directors at Bank Leumi le-Israel – Israel’s largest lender - and its UK and US subsidiaries. More recently, he has been the Chairman Leumi Partners Investment House, the lender’s investment banking operations, as well as a member of the Board of Directors at Verifone Holdings, Inc.

He was former President of the Association of Banks of Israel from 2002 to 2008, and has been a Chairman or Board Director of many major Israeli companies, including El-Al airlines, Paz Oil Corp., Israel Chemical Industries and Wolfson Clore Mayer Ltd. From 1979 to 1983, Eitan served as Accountant General (Treasurer) at the Israeli Ministry of Finance.

He was educated at the Hebrew University in Jerusalem, where he earned a Master in Business Administration and a Bachelor of Arts in Economics and Political Science.

Ronnie Golan

Ronnie Golan, is Managing Director and Head of Investment Banking and Global Capital Markets coverage for Israel, Central and Eastern Europe, and Africa. He joined Morgan Stanley in 1997.

Ronnie received his Masters in Business Administration from the Harvard Business School and prior to that was an F15 pilot in the Israeli air force where he attained the rank of Captain.