Morgan Stanley Appoints John Coulter as South Africa Head

Responsible for Business Development in Sub-Saharan Africa

London —

Morgan Stanley today announced that John Coulter is joining the Firm as Managing Director and Head of Morgan Stanley South Africa.  Reporting to Walid Chammah, Morgan Stanley’s Co-President and Chairman and CEO of EMEA, Coulter will be responsible both for growing Morgan Stanley’s franchise in South Africa and for overseeing the development of Morgan Stanley’s business across sub-Saharan Africa.

“We are very pleased to have a banker of John’s calibre joining Morgan Stanley,” commented Walid Chammah. “Not only is South Africa an important growth market for us, but there are considerable opportunities for the Firm across sub-Saharan Africa as a whole.  John’s broad investment banking background, including derivatives, commodities and structured finance, combined with his experience in emerging markets and deep knowledge of South Africa, make him the ideal candidate to grow Morgan Stanley’s business in the region.”

John Coulter has over 20 years of banking experience from JP Morgan, where from 1999 – 2005 he was Chief Executive of JP Morgan South Africa, and from 2004 - 2005 Chairman of Investment Banking for Central & Eastern Europe, Middle East & Africa (CEEMEA), based in Johannesburg.  He also held a number of other senior positions with JP Morgan in both London and New York.  He was most recently Group CEO of Brait, a leading South African private equity and alternative investments firm. 

“I am delighted to be joining Morgan Stanley,” said John Coulter.  “There is significant interest from clients globally in opportunities in both South and sub-Saharan Africa and increasing demand from clients in the region for market leading investment banking and capital markets solutions.  Morgan Stanley, with its global franchise and capabilities, its leading advisory business in South Africa, and its equity securities joint venture with Rand Merchant Bank, is well placed to deliver such solutions.  I look forward to working with the great team at Morgan Stanley, to build a market leading African banking business.”

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 600 offices in 33 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Note to Editors:

Morgan Stanley in South Africa and sub-Saharan Africa

Morgan Stanley was the first global investment bank to open an office in South Africa after the lifting of sanctions in April 1994.  Since then, Morgan Stanley has advised clients on mergers, acquisitions, restructurings, equity and debt capital raisings and black economic empowerment transactions, spanning all major sectors of the South African economy.

Morgan Stanley provides clients in sub-Saharan Africa with corporate advisory services, including corporate finance, mergers and acquisitions and other advisory services within the broader Morgan Stanley group.  Morgan Stanley’s debt and equity franchises enable clients to access the South African and international capital markets.  Morgan Stanley’s country specialists provide country expertise to international and local clients.  Morgan Stanley has consistently been ranked as a leading South African advisor and participant in capital raising activities for South African companies over the past decade.  Morgan Stanley is active in the sub-Saharan Africa region and is currently #1 in Pan-Africa Equity League Tables.

Recent Awards:  Implats/Royal Bafokeng Nation BEE transaction (Business Map Foundation’s 2006 BEE “Deal of the Year”); Lonmin BEE transaction (2004 Dealmakers “Deal of the Year”)

Morgan Stanley is also a partner with Rand Merchant Bank in RMB Morgan Stanley, an equity securities joint venture in South Africa.  It provides sales and trading services in relation to JSE-traded equity and equity-linked securities, published research on selected South African companies, and distributes Morgan Stanley’s global equity research in South Africa.

John Coulter biography

2005 – 2006: Brait SA, Johannesburg,

 Group CEO

1985 – 2004: JP Morgan

 2004-2005: Chairman, Investment Banking, CEEMEA (Johannesburg),

 1999-2004: Chief Executive & Head of Investment Banking, JP Morgan South Africa

(Johannesburg)

 1998-1999: Head of Structured Financing, Emerging Markets, EMEA (London)

 1997-1998: Head of Commodity Trading, Cash & Derivatives (London)

 1993-1996: Global Head of Commodity Derivatives and Energy Trading (New York)

 1990-1993: Head of Commodity Derivatives (London)

 1985-1990: Interest Rate and Derivative Trading (London)

Mr. Coulter holds a Masters in Business Studies (1st Class Honours) from University College, Dublin, and a B.A. in Legal Science from Trinity College Dublin.

Media Relations Contacts: 

Hugh Fraser, +44.207.425.3923

College Hill, Johannes van Niekerk, +27.11.447.3030