Morgan Stanley Fixed Income Hires Distressed Assets Specialist For Asia

Hong Kong —

HONG KONG, November 26, 2009 - Morgan Stanley (NYSE: MS) today announced that Carol Lin will join the Firm's Interest Rate, Currency and Credit Division (IRCC) in February 2010 as a Managing Director to head the sourcing and distribution platform in Asia for loans, distressed and stressed assets.  Most recently, Ms. Lin was a Managing Director and Global Bank Sourcing Coordinator at Bank of America Merrill Lynch in New York. In her new role, Ms. Lin will be based in Hong Kong and will report to Ben Falloon.

The appointment is part of Morgan Stanley's ongoing IRCC expansion in Asia. 

"With her global experience in stressed and distressed products, we are delighted that Carol is joining Morgan Stanley,'' said Ranodeb (Ronnie) Roy, the Firm's Asia Head of Interest Rate, Currency and Credit Division. "This is an important senior hire as we continue to expand our fixed income platform in the region to offer clients the very best in terms of products, ideas and execution."

"With global bank balance sheets shrinking, stressed and distressed products assume new importance," added Ben Falloon.  "As such, Carol's appointment is significant as we seek to fulfill the needs of our clients and trading books."

Ms. Lin joined Merrill Lynch (now Bank of America Merrill Lynch) in 1996 in London. Between 1999 and 2008 she held various roles in Loan Syndication, based in New York. She was made a Managing Director in 2005.

A native Mandarin speaker, Ms. Lin received a BSc (Hons) from the Georgia Institute of Technology and an MBA from Columbia Business School.

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