Lord Coe Opens Morgan Stanley Clinical Building at Great Ormond Street Hospital

London —

Morgan Stanley today celebrated the opening of the Morgan Stanley Clinical Building at Great Ormond Street Hospital.  The Firm and its employees raised £11.5 million for the new building, which was officially opened at a ceremony today by Lord Coe.

“We are delighted to have had the opportunity to create a lasting legacy that will provide children locally, nationally and internationally with world-class medical care,” commented Colm Kelleher, Co-President of Institutional Securities and Head of EMEA and Asia Pacific for Morgan Stanley.  “The Morgan Stanley Clinical Building is an important element of the hospital’s major redevelopment plan to ensure patients receive the highest quality care in 21st century facilities and which will enable the hospital to treat up to 20 percent more children and advance pioneering translational research programmes.  The building gives the children, families and staff at Great Ormond Street Hospital what they deserve most – world class facilities to match its already world class care.” 

During Morgan Stanley’s three-year partnership with GOSH, the Firm and its employees not only exceeded the original £10 million target for the new building, but also raised an additional £1.5 million which has paid for extra accommodation in the cardiac ward and the purchase of an Angio Bi-Plane machine, which provides three-dimensional imagery during surgery and will be used in operations on over 2,000 children each year.

The new seven-story Morgan Stanley Clinical Building houses state-of-the-art inpatient and day-care facilities, diagnostic facilities and new operating theatres.  The new Heart and Lung, Neurosciences and Kidney centres have more space and provide a more welcoming environment for patients and their families.

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 1,300 offices in 43 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

Morgan Stanley will continue to support GOSH through the Morgan Stanley International Foundation.

For nearly 40 years, Morgan Stanley has invested in children’s health and launched its Global Alliance for Children’s Health in 1999 through its first partnership with New York-Presbyterian Hospital.  The Firm expanded its outreach to other international hospital partners, Great Ormond Street Hospital in 2007 and Beijing Children’s Hospital in 2009. 

Great Ormond Street Hospital for Children NHS Foundation Trust is the country’s leading centre for treating sick children, with the widest range of specialists under one roof.  With the UCL Institute of Child Health, we are the largest centre for paediatric research outside North America and play a key role in training children’s health specialists for the future.

The charity needs to raise £50 million every year to help rebuild and refurbish Great Ormond Street Hospital, buy vital equipment and fund pioneering research.  With your help we provide world-class care to our very ill children and their families. www.gosh.nhs.uk

Contact: Media Relations, Hugh Fraser, +44 20 7425 3923