Morgan Stanley Hires Institutional FX Sales Head for Asia

Hong Kong —

HONG KONG, March 15, 2010 - Morgan Stanley (NYSE: MS) today announced that Nick Strain has joined the Firm's Asian fixed income division as a Managing Director and Head of Institutional Sales in Asia for FX and Emerging Markets (FXEM). Most recently, Mr. Strain was a Managing Director and Head of Global Financial Institutions FX and Emerging Markets at RBS, based in Singapore. Mr. Strain, who starts in his new role today, will be based in Hong Kong and report to Yuki Hashimoto, Head of FXEM Sales in Asia.

The appointment is part of Morgan Stanley's ongoing Interest Rate, Credit and Currency (IRCC) expansion in Asia.

"We are committed to growing our foreign exchange footprint in Asia, and Nick is an important senior hire in our ongoing expansion plan," said Yuki Hashimoto. "We have significantly expanded our salesforce across the Asian region for institutional, banks and corporate coverage across product areas including e-commerce. We believe our commitment to full-service coverage, combined with our top-class research and trading platform, will continue to differentiate us with clients."

Nick Strain began his career at Swiss Bank in 1996 in Singapore. He moved to Goldman Sachs in Hong Kong prior to joining Royal Bank of Scotland, where he headed global financial institutions in Asia ex-Japan since 2003. Mr. Strain completed his Bachelor of Business at the Royal Melbourne Institute of Technology (RMIT) in 1991 and his Masters of Applied Finance from Melbourne University in 1999.

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. 

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