Vincent Reinhart Joins Morgan Stanley as Chief U.S. Economist in New York

New York —

Morgan Stanley (NYSE: MS) announced today that Vincent Reinhart will join the firm as Chief U.S. Economist in New York, effective October 1.

Mr. Reinhart joins the firm's Economics Research team from the American Enterprise Institute in Washington, where he was a Resident Scholar. From 1990 to 2007, he held senior positions at the U.S. Federal Reserve, including Secretary and Economist of the Federal Open Market Committee.

"Vincent has been an important voice in global economic debates for years, and we welcome him to Morgan Stanley," said Ted Pick, Global Head of Equities. "He complements a talented global team of economists and strategists at the firm, and we look forward to his thought leadership and insight."

Added Ken deRegt, Global Head of Fixed Income Sales and Trading: "We are extremely pleased to welcome Vincent to Morgan Stanley. His decades of experience at the Fed, along with his esteemed scholarship on a variety of macroeconomic issues, will be a tremendous asset to our clients."

Mr. Reinhart will be responsible for the firm's analysis of the U.S. economy. He will lead a team that includes U.S. Fixed Income Economist and Managing Director David Greenlaw.

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 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Sandra Hernandez, 212.761.2446