Gary Lynch Named Vice Chairman of Morgan Stanley

Mr. Lynch will relocate to London and take on expanded management and client role

New York —

Morgan Stanley announced today that Gary G. Lynch has been named Vice Chairman of Morgan Stanley.  Mr. Lynch will relocate to London where he will remain in his current position as Chief Legal Officer and continue to work as part of the Firm's senior management on issues of policy and strategy.  He will also join the boards of Morgan Stanley's subsidiaries throughout the region and take on an expanded management role within Europe, the Middle East and Africa (EMEA).  Additionally, Mr. Lynch will focus on Morgan Stanley's key clients in the region.

John J. Mack, CEO of Morgan Stanley said, "I am very pleased that Gary has agreed to take on this new role which is a reflection of his consistent leadership and outstanding business judgment.  Under Gary's direction, our legal and compliance divisions have achieved tremendous results and we have significantly improved our relationships with regulators around the world.  Gary also played a critical role in leading our successful conversion to a financial holding company." 

Walid Chammah, Co-President of Morgan Stanley and Chairman of Morgan Stanley International said, "We are happy to welcome Gary to the senior management team in Europe and look forward to his valuable contributions with our key clients.  His experience and judgment will continue to benefit our franchise greatly."

Mr. Lynch joined Morgan Stanley in October 2005 as Executive Vice President and Chief Legal Officer from Credit Suisse where he was Executive Vice Chairman and Global General Counsel.  Prior to joining Credit Suisse, Mr. Lynch was a partner at Davis Polk from 1989 to 2001 and was the Director of Enforcement at the SEC from 1985 to 1989.

Morgan Stanley (NYSE: MS) 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 600 offices in 36 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

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