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Morgan Stanley has a long-standing and fast-growing presence in India, with a number of Morgan Stanley companies providing a range of services in India to domestic and international clients. From 1999 until October 2007, Morgan Stanley operated two joint ventures with JM Financial Group, under the name of JM Morgan Stanley. Since October 5, 2007 Morgan Stanley is expanding its own fully-owned premier investment banking and sales & trading platform in India, under the name of Morgan Stanley India Company Private Limited, providing a full range of investment banking, sales & trading, fixed income, commodities and derivative products, as well as research services. Morgan Stanley Investment Management (MSIM) provides customized asset management services and products to governments, corporations, pension funds, non-profit organizations, high-net-worth individuals and retail investors worldwide. Under the brand Morgan Stanley Mutual Fund, it operates several domestic mutual fund products for retail investors in India. As of September 16, 2008 Morgan Stanley also offers its Private Wealth Management services to high net worth investors in India. Morgan Stanley Advantage Services supports Morgan Stanley's Institutional Services businesses, from research to financial modeling, portfolio analysis and IT development.

General Investment Management

Institutional Securities Prime Brokerage

2010 General Firm Receives Award From NGLCC The National Gay & Lesbian Chamber of Commerce - a business advocate for lesbian, gay, bisexual and transgender businesses and entrepreneurs - has presented Morgan Stanley with its Financial Services Diversity Corporation of the Year award. Financial News Lauds Morgan Stanley as Bank of the Quarter Despite a difficult quarter for investment banking, Morgan Stanley has performed well in Europe, avoided the worst of trading pitfalls and gained share in traditional revenue streams, according to a Financial News article on June 5. Morgan Stanley Nets 5 ALB Japan Law Awards Morgan Stanley's legal team in Tokyo received top awards in five categories from Asia Legal Business. Morgan Stanley Japan Ranks Second in Annual 'Great Place to Work' Survey Morgan Stanley Japan Securities Co., Ltd. has won second place in an annual survey that asked 81 companies and their employees to measure workplace satisfaction. Firm Wins Champions of Diversity Award from NYUL The New York Urban League presented Morgan Stanley with its Champions of Diversity award at its seventh annual awards breakfast at the Four Seasons Restaurant. Pro Mujer Team Wins Firm's Annual Strategy Challenge Morgan Stanley employees recently harnessed their competitive spirits and participated in the Firm's second annual Social Enterprise Strategy Challenge on June 16, an initiative providing top talent the unique opportunity to leverage commercial skills for social impact. Going Green Earns Award for Data Center, Saves Greenbacks Morgan Stanley's European Data Center team has garnered a prestigious award recognizing improvements made in efficiency at the Firm's UK operations. 2010 Institutional Securities Firm Named Best Americas Equity, EMEA Structured Equity House The International Financing Review recognized the Firm's equities and structured equities businesses with two awards for 2009: Americas Equity House of the Year, and EMEA Structured Equity House of the Year. Firm Committed to Client Satisfaction in FX, Says Euromoney Morgan Stanley improved its ranking in the Euromoney 2010 FX survey, moving into the top 10, with the number-one ranking for the Most Improved by Market Share Qualitative categories for Nordic & Baltic Currencies and Americas Timezone. Firm-Led Transactions Win Best Deal Awards in Japan Amid the dearth of equity capital market transactions globally during 2008, Morgan Stanley was successfully involved in Japan's biggest initial public offering and the biggest follow-on deals of the year. Asia-Pacific Research Earns Top Spot in 5 Categories, II Poll Says The Firm's Asia-Pacific research team has earned number one positions in regional economics, consumer, healthcare and pharmaceuticals, as well as Australia and India, according to Institutional Investor's 2010 All-Asia Research

Team Poll. Editors Call Morgan Stanley Matrix 'One of the Best in Years' Morgan Stanley won two awards at the Profit & Loss 2010 Digital FX Awards in London last month for Morgan Stanley Matrix, a platform that provides a single point of access to the Interest Rate Currency and Credit Institutional Sales and Trading operations. Deals of the Year: Firm Wins in Industrials, PE, Tech, Health Care In its recently released Deal of the Year Awards issue, Investment Dealers' Digest recognized the Firm in its tech, health care, private equity, and industrial categories. Electronic Trading Takes Top Spot for Reducing Trading Costs, Maintaining Anonymity Clients asked to rank their top electronic-trading partners by their ability to reduce trading costs and level of anonymity named Morgan Stanley Electronic Trading the top provider, according to results from The Trade's 2010 Algorithmic Trading Awards. MSET also appeared on The Trade's "Roll of Honour" for execution consistency and for top broker among European respondents. 2010 Investment Management Lipper Recognizes MSIM Fixed Income Expertise Several Morgan Stanley Investment Management funds were recently recognized for strong performance by notable publications including the New York Times, the Wall Street Journal, Barron's, Bloomberg, Associated Press and by Lipper's annual Mutual Funds Awards. 2010 Prime Brokerage MMI Names MSSB 2010 Managed Account Solutions Firm Morgan Stanley Smith Barney has been named 2010 Managed Account Solutions Firm of the Year by the Money Management Institute at its annual Gateway to Leadership Industry Recognition Dinner in New York.