Morgan Stanley Hires William M. Wicker as Vice Chairman of Investment Banking, Natural Resources Group

New York —

Morgan Stanley today announced that it has appointed William M. Wicker as a Vice Chairman of Investment Banking, Natural Resources Group, focused on the energy sector. Mr. Wicker, 59, joins the group from Goldman Sachs, where he held various senior positions as a Partner Managing Director in the Natural Resources Group.

Over the course of his career, Mr. Wicker has conducted energy business in 26 countries as an investment banker, industry executive and management consultant. At Goldman Sachs, Mr. Wicker worked on energy transactions in Brazil, Russia, China, India, Japan, Korea and Canada.

"With his 34-year track record of success covering many facets of the energy sector, Bill is an accomplished banker whose strategic insights and network of relationships will enhance our ability to anticipate market opportunities and create value for our clients," said Paul J. Taubman, Global Head of Investment Banking.

Carl Contiguglia, Global Co-Head of the Natural Resources Group, added, "Bill is a rare combination of seasoned banker and accomplished senior industry executive, with clients and experience around the globe. We are thrilled to supplement our practice with a professional of his caliber."

Prior to joining Morgan Stanley, Mr. Wicker spent seven years at Goldman Sachs, where he was a Partner Managing Director in the Natural Resources Group in New York. In 2005 and 2006, Mr. Wicker served as Chief Executive Officer of Goldman Sachs Gao Hua Securities Company Limited and Co-Head of Investment Banking in Asia Ex-Japan, based in Beijing. Before Goldman, Mr. Wicker was a Senior Vice President at Texaco, responsible for worldwide refining and marketing, natural gas marketing, lubricants, power and gasification, and alternative energy. Prior to joining Texaco in 1997, he was a Managing Director at Credit Suisse First Boston and Co-Head of the firm's Global Energy Group. Previous to this position, Mr. Wicker was a consultant with McKinsey & Co. Mr. Wicker holds a B.A. from Union College, an M.A. from Indiana University and an M.B.A. from Harvard Business School.

Morgan Stanley's Natural Resources Group has consistently been involved in transactions that have shaped the basic materials and energy industry. Notable transactions in which Morgan Stanley has played a leading role include the recently announced strategic partnership between Rio Tinto and the Aluminium Corporation of China, the merger of West Siberian Resources with Alliance Oil, the IPO of OJSC OC Rosneft, the sale of Unocal to ChevronTexaco, and the sale of Burlington Resources to ConocoPhillips.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 37 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Marie Ali, 212.762.6884