Morgan Stanley to Open New Global In-House Center in Bengaluru, India

Mumbai —

MUMBAI, December 23, 2013 – Morgan Stanley (NYSE: MS) today announced that the Firm will open a new Global In-House Center (GIC) next year in Bengaluru. This new investment in India will complement Morgan Stanley's established GICs in Mumbai.

Commenting on the Firm's plans to grow its GIC capabilities and footprint in India, Bill Strong, Morgan Stanley's Co-CEO Asia Pacific, said, "We have reviewed global options for building a new GIC that can provide a critical mass of employees to support our global functions and see value-add in expanding further our on-the-ground teams in India. This new site in Bengaluru is aligned with our continued focus on leveraging India's skilled and diverse talent pool and creating value for the Firm."

Over the past decade, the Firm's Mumbai GICs have housed functions across Technology and Data, Operations, Fund Services, Finance and other specialized functions. The Firm will continue to grow its existing Mumbai-based GICs, in addition to the new Bengaluru GIC. Launched in 2003, Morgan Stanley's GIC entities in India have grown substantially across two sites in Mumbai.

Morgan Stanley has been active in India since 1993, recently celebrating its 20-year anniversary. The Firm provides investment banking, capital markets, asset management, and research, sales & trading advice and services.

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 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.