Greater China Appointments to Morgan Stanley Rates and Credit Sales

Corporate Coverage Team Bolstered

Hong Kong —

Morgan Stanley (NYSE: MS) announced today a number of senior appointments to the Firm's Interest Rate, Currency & Credit (IRCC) group in Asia Pacific, as the Firm further builds out its distribution capabilities across fixed income products.

Larry Chi has today joined the Firm as Managing Director, Head of IRCC China Sales. Mr. Chi joins from Credit Suisse where most recently he was Head of China Sales for Financial Institutions for Fixed Income. He is based in Hong Kong.

Morgan Stanley has also hired three additional professionals from Credit Suisse to its IRCC China Sales team covering Financial Institutions. This includes Bing Feng, who will shortly join as an Executive Director.

The Firm also announced that Jason Guo and Xie Rong will be joining the China Corporate Sales team in October as Executive Directors based in Hong Kong. They were previously with JPMorgan where they were focused on covering SOE and key private enterprises.

Morgan Stanley has also built out its corporate coverage in Taiwan. Eric Kuo has joined as an Executive Director and brings over 10 years of experience with Taiwan corporates, most recently with JPMorgan where he was instrumental in growing their FX and Rates corporate franchise.

Ben Falloon, Managing Director and Head of Credit and Rates Distribution for Asia Pacific, said, "With Larry joining the Firm today, along with our other senior appointments, we are bringing considerable market and sales experience to our Greater China distributions platform for the benefits of our clients across the region."

Media Relations Contact: Nick Footitt, +852.2848.6847