Morgan Stanley Smith Barney Announces Appointment of Douglas J. Ketterer to Head Morgan Stanley Private Wealth Management - U.S.

New York —

Morgan Stanley Smith Barney today announced the appointment of Managing Director Douglas J. Ketterer as Head of Morgan Stanley Private Wealth Management in the U.S., which serves the ultra-high net worth client segment through a nationwide network of 300 private wealth advisors.

Mr. Ketterer will report to Andy Saperstein, Head of Wealth Management in the U.S., who said, "Doug Ketterer is a seasoned executive with extensive experience in wealth management, investment management, corporate finance and investment banking.  The breadth of his background will be particularly valuable serving our ultra-high net worth clients, whose relationships often touch all of these areas within Morgan Stanley.  I look forward to working with Doug as we continue to expand this business."

Mr. Ketterer served most recently as Chief Operating Officer of Wealth Management, U.S., in Morgan Stanley Smith Barney.  He joined Morgan Stanley in 1990 in the corporate finance area, and subsequently worked on the origination side of Investment Banking, as well as in product development and strategic planning for Morgan Stanley Investment Management.  He also led the Products Group for Global Wealth Management prior to formation of the Morgan Stanley Smith Barney joint venture.

He received an M.B.A. from New York University's Stern School of Business, and a B.S. in finance from the University of Albany.

Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust services.  For further information about Morgan Stanley Smith Barney, please visit www.morganstanleysmithbarney.com.

Morgan Stanley (NYSE: MS) 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 1,300 offices in 42 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Christy Pollak, 914.225.6827