Morgan Stanley

Vikram S. Pandit and John P. Havens Leave Morgan Stanley

Mar 29, 2005

New York —

Morgan Stanley (NYSE: MWD) announced today that, effective immediately, Vikram S. Pandit, President and Chief Operating Officer of the Company's Institutional Securities Group, and John P. Havens, Head of the Institutional Equity Division, have decided to leave the Company to pursue other endeavors.

Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.