Industry Veteran Rick Capozzi Joins Morgan Stanley Global Wealth Management Group as National Sales Manager

New York —

Morgan Stanley Global Wealth Management Group (GWMG) today announced that industry veteran Rick Capozzi will join the group later this year as a Managing Director and National Sales Manager.

Mr. Capozzi, a 24-year industry veteran, will report to Ray Harris, Vice Chairman and Head of National Sales. He becomes a senior member of the leadership team responsible for the Firms national network of 8,000 financial advisors in nearly 500 offices across the U.S.

We are delighted that an executive of Rick Capozzis experience and stature is joining Morgan Stanley. His proven leadership ability will help us accelerate our success in growing the wealth management business and making Morgan Stanley the employer of choice for experienced and successful financial advisors, said Mr. Harris.

Mr. Capozzi joins Morgan Stanley from Merrill Lynch, where he served since 2004 as Managing Director and Head of Business Development.

Prior to Merrill Lynch, he worked as a Senior Vice President at Wachovia Securities, where he was Regional President for the Northeast Region.

He joined Wachovia from UBS, then Paine Webber, where he worked for 18 years, first as a financial advisor, then in a succession of managerial positions, including Senior Vice President and Complex Manager.

Mr. Capozzi will join Morgan Stanley in late July.

One of the largest businesses of its kind in the world with $690 billion in client assets, GWMG provides a range of wealth management products and services to individuals, businesses and institutions. These include brokerage and investment advisory services, financial and wealth planning, credit and lending, banking and cash management, annuities and insurance, retirement and trust.

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, Christy Pollak, 914.225.6827