Matt Comyn to Head Morgan Stanley Smith Barney in Australia

Sydney —

Morgan Stanley (NYSE: MS) Smith Barney today announced the appointment of Matthew Comyn as Chief Executive Officer of its Australian wealth management business. His appointment comes as Morgan Stanley Smith Barney continues to add high quality advisers and build its platform and presence in the Australian market.

Mr. Comyn brings extensive experience and expertise including his most recent role of Managing Director of Commonwealth Securities (Commsec). He will commence his new position in the last week of February.

Steve Harker, CEO of Morgan Stanley Australia said, "We are delighted that Matt is joining us to lead the continued development and growth of Morgan Stanley Smith Barney in Australia. His proven management and business-building skills, allied with his deep knowledge of the Australian retail wealth management and sharetrading sector, are strong value-adding attributes for Morgan Stanley Smith Barney."

Morgan Stanley assumed management control of Morgan Stanley Smith Barney in June of last year and is undertaking a comprehensive development plan for the business in Australia. This has resulted in a significant number of Financial Advisors joining the Firm in addition to enhanced content and services for clients.

Les Menkes, the Singapore based Morgan Stanley Regional Head of International Wealth Management, added, "We are excited to have Matt on board to lead our business in Australia which is a strategic growth market for us. Matt's appointment is a strong demonstration to our customers and advisors of our commitment to this market and the investment in our franchise."

Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust services. For further information about Morgan Stanley Smith Barney, please visit www.morganstanleysmithbarney.com.au.

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 1,200 offices in 37 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

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