Morgan Stanley Private Wealth Management Hires Team to Enhance Coverage of Venezuelan Market

New York —

Morgan Stanley (NYSE:MS) Private Wealth Management announced today that it has hired a team of four senior investment professionals to serve high net worth clients in the Latin American market.

The team will be based in New York and includes two Investment Representatives: Executive Director Ruben Lerner and Executive Director Manuel Uranga, who will focus principally on Venezuela, and Sales Assistants Dolores Alcaide-Mendez and Jennifer Ramos. They join from Smith Barney and report to Fabian Onetti, Executive Director and Sales Manager of the New York Latin America/International office.

"We are extremely pleased that this seasoned team, with extensive knowledge of the Venezuelan markets, has decided to join Morgan Stanley," said Mr. Onetti. "These appointments reinforce our commitment to the Latin American market and our continued expansion in the region."

"Morgan Stanley has a significant footprint in this region and this team is a valued addition that brings a breadth of knowledge that will further support our efforts in this market," commented Ernesto A. de la Fe, Managing Director and Head of Latin America.

Mr. Uranga, 35, graduated from CUNEF (Colegio Universitario de Estudios Financieros) in Spain with a Masters in Economics and Business Administration.

Mr. Lerner, 35, graduated from Universidad Metropolitan in Venezuela with a Bachelor of Finance. He holds an M.B.A. from Boston University.

Morgan Stanley Private Wealth Management provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the United States, Latin America, Europe, the Middle East and Asia.

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.

Investments and services are offered through Morgan Stanley & Co. Incorporated, member SIPC. ©2008 Morgan Stanley.

Media Relations Contact: Christine Pollak, 914.225.6827