Martin Kesselring Joins Morgan Stanley

Underlines commitment to grow investment banking franchise in Switzerland

London —

Morgan Stanley (NYSE: MS) today announced the appointment of Martin Kesselring as a Managing Director and Head of Investment Banking for Switzerland, effective immediately.

Mr. Kesselring will be responsible for growing Morgan Stanley’s investment banking team in Switzerland, and for coverage of key investment banking clients. He will report to Dominique Lancksweert, Managing Director responsible for investment banking in the Benelux and Switzerland.

Commenting on the appointment, Mr. Lancksweert said: “We have a long track record of working with Swiss clients, and Martin’s appointment demonstrates our commitment to Switzerland. His intimate knowledge of the Swiss market and proven ability to build teams and businesses will be invaluable as we grow our business in Switzerland.” Manuel Bauer, Executive Director, will be Mr. Kesselring’s deputy.

Mr. Kesselring, aged 41, brings almost 14 years of investment banking experience to his new role. He joins Morgan Stanley from UBS where we worked for four years, most recently as Swiss Co-Head of Investment Banking and Client Coverage. Prior to that, between 1994 and 2004, Mr. Kesselring worked at JPMorgan holding senior roles in European Telecoms and Northern Europe investment banking coverage.

Said Franck Petitgas, Head of International Investment Banking: “We are very pleased that Martin is joining Morgan Stanley. His considerable experience, strong relationships and diverse skills will be instrumental in building up our Swiss investment banking business.”

Added Martin Kesselring: “Morgan Stanley’s strong reputation for innovation and investment banking expertise, combined with a team of highly talented people, means that the business is well positioned for growth. This is a great opportunity and I am very much looking forward to joining Morgan Stanley.”

Morgan Stanley 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 32 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

Martin Kesselring

A Swiss national, Martin holds a Bachelor of Business degree from St. Gallen University in Switzerland and an MBA from the University of Chicago. Since 2004, Martin has worked at UBS in Zurich, most recently as Swiss Co-Head of Investment Banking and Client Coverage, which involved running the bank’s Swiss mergers & acquisitions and equity capital markets. From 1994-2004, he worked at JPMorgan, working on assignments in Zurich and New York, before settling in London and joining the banks’ European Telecom team. He later assumed coverage responsibilities across Northern Europe. Martin speaks German, French and English fluently.

Media Relations Contact: Michael Wang, +44.20.7425.2094