Morgan Stanley

Morgan Stanley Private Wealth Management appoints Jean Murphy as an Investment Advisor covering the UK

May 10, 2010

London —

London, May 10, 2010 – Morgan Stanley (NYSE: MS) Private Wealth Management (PWM) announced today the appointment of Jean Murphy as an Executive Director and Investment Advisor reporting to Ausaf Abbas, Head of Sales and Marketing, PWM EMEA. Ms Murphy will advise UK clients on their investment strategies, working across asset classes to develop tailored portfolios to suit their needs.

“We are delighted that Jean has joined Morgan Stanley,” commented Ausaf Abbas. “Her extensive wealth management experience and investment expertise will be a significant asset to the Firm as we continue our expansion in the UK and capitalize on the many growth opportunities in this key market.”

Ms Murphy joins Morgan Stanley from ACPI Investments, where she was a Partner responsible for managing private client assets in a combination of discretionary portfolios and direct fund investments. Prior to this, Ms Murphy was COO of ACP Partners LLP, and prior to that, an Executive Director in the Wealth Management Division of Goldman Sachs, leading a team covering UK clients.

Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC, 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 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 2 investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust services.

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 1300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.