Peter Bacchus to Join Morgan Stanley

Morgan Stanley today announced the appointment of Peter
Bacchus as a Managing Director in the Firm's Global Basic Materials
Group. He will join the Firm in early autumn 2006.
Mr. Bacchus joins the Firm after six years at Citigroup, where
most recently he was Co-Head of Asia-Pacific Diversified Industrials
and Head of Mining and Metals, Australia, Asia & Africa. In his new
position, Mr. Bacchus will be based in London and will be responsible
for Morgan Stanley's investment banking activities in the Metals &
Mining sector in Europe. In addition, he will assist with select
client initiatives around the world.
Commenting on the appointment, Franck Petitgas, Head of European
Investment Banking, said, "We are delighted that Peter is joining
Morgan Stanley. The appointment of such a key industry player will
significantly enhance our capabilities in this sector and will provide
valuable expertise to our clients. He will be an exceptional asset to
the team."
Morgan Stanley (NYSE: MS) is a global financial services firm and
a market leader in securities, investment management, and credit
services. With more than 600 offices in 30 countries, Morgan Stanley
connects people, ideas and capital to help clients achieve their
financial aspirations.

Note to Editors:

Peter Bacchus

Qualifications: MA Cambridge University; Chartered Accountant,
England & Wales.

Career History:

-- 2000-Current: Citigroup, Managing Director, Co-Head
Asia-Pacific Diversified Industrials and Head Mining & Metals,
Australia, Asia & Africa.

-- 1995-2000: JP Morgan, Director, Mergers & Acquisitions,
London, Jakarta & Sydney.

-- 1992-1995: Price Waterhouse, ACA.

-- 1987-1992: Foreign & Commonwealth Office (including study).