Morgan Stanley Prime Brokerage Hires David Barrett

Mr. Barrett Rejoins the Firm in New Role as Head of Hedge Fund Strategic Consulting

New York —

Morgan Stanley (NYSE:MS) announced today that David Barrett will rejoin the Firm’s Prime Brokerage group as a Managing Director and Head of Hedge Fund Strategic Consulting.  In this new position, Mr. Barrett, 48, will lead the effort to deliver prime brokerage solutions to the Firm’s largest hedge fund clients.  He will be based in New York.

“We are delighted to have Dave back,” said Stu Hendel, Global Head of Prime Brokerage. “Dave’s extensive experience working with hedge funds in a number of different capacities uniquely positions him to help our largest clients, and their investors, evolve their businesses in a maturing and increasingly complex market environment.”

Mr. Barrett rejoins Morgan Stanley from Merrill Lynch where he had held several positions in the firm’s hedge fund businesses over the past four years.  Most recently, he was a member of the management team of the Structured and Alternatives Investment group, responsible for institutional distribution.  Previously, he served as the Global Head of Hedge Fund Origination, the team that sourced hedge funds for Merrill's distribution platforms.  Prior to Merrill Lynch, Mr. Barrett spent 18 years at Morgan Stanley in various roles, including Government Relations, Fixed Income and seven years as a senior member of Prime Brokerage.

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

Media Relations Contact: Mary Claire Delaney, 212.762.6880