Griff Sexton Retires from the Board of Directors of Morgan Stanley; Jami Miscik Elected to the Board of Directors

New York —

Morgan Stanley (NYSE: MS) today announced that Griff Sexton, a director since 2005, has retired from the Board of Directors, and that Jami Miscik has been elected to the Board.

Ms. Miscik is President and Vice Chairman of Kissinger Associates, Inc., a strategic international consulting firm.  Prior to entering the private sector, Ms. Miscik had a distinguished 20-year career in intelligence, ultimately serving as the Central Intelligence Agency's deputy director for intelligence.

James Gorman, Chairman and CEO of Morgan Stanley, said, “Griff brought deep and substantive knowledge of our Firm and the financial services industry to the Board, as well as honed analytical abilities.  He always focused on what was best for shareholders.  On behalf of the entire Board of Directors, I want to thank Griff for his many years of exemplary service and contributions to the Firm.”

“We are very pleased to welcome Ms. Miscik to the Board,” added Mr. Gorman.  “Her leadership in navigating geopolitical and macroeconomic risks will provide valuable guidance to the Board on matters of critical importance to our businesses, our clients and our shareholders.” 

James W. Owens, Chair of the Board’s Nominating and Governance Committee, said, “We are delighted that Ms. Miscik has joined our Board.  We will all benefit from her unique insights and perspectives.”

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

O. Griffith Sexton

Mr. Sexton has been a director since September 2005.  He has served as an adjunct professor at Columbia Business School and visiting lecturer at Princeton University, teaching courses in corporate finance.  Prior to his academic career, Mr. Sexton was an investment banker at Morgan Stanley from 1973 to 1995, where he was engaged in the development and execution of advisory assignments involving a wide variety of corporate financial transactions.  He was an advisory director at Morgan Stanley from May 1995 to September 2008.  He is a member of the boards of directors of Investor AB, a publicly traded Swedish investment company, and Hamilton Lane, a privately held asset-management company based in Philadelphia.  A former U.S. naval aviator and Vietnam veteran, Mr. Sexton holds a BSE from Princeton and an MBA from Stanford.

Jami Miscik

Jami Miscik is president and vice chairman of Kissinger Associates, Inc., a strategic international consulting firm.  Prior to joining Kissinger Associates in 2009, Ms. Miscik served as the global head of sovereign risk at Lehman Brothers, and also served as a senior advisor to Barclays Capital.  Prior to entering the private sector, Ms. Miscik had a distinguished 20-year career in intelligence, ultimately serving as the Central Intelligence Agency's deputy director for intelligence from 2002 to 2005.

Ms. Miscik serves on the board of EMC Corporation, the Council on Foreign Relations, and she is a member of the President's Intelligence Advisory Board.  She also serves on the boards of In-Q-Tel and the American Ditchley Foundation.

Ms. Miscik received her BA with honors from Pepperdine University in Political Science and Economics, and her MA from the University of Denver's School of International Studies.  She was awarded an honorary doctorate in public service by the University of Denver in 2011.  She is the recipient of the DCI's Director's Medal, the Distinguished Intelligence Medal, the Defense Intelligence Agency Director's Medal, and has twice received the Intelligence Commendation Medal.