Morgan Stanley Smith Barney Announces Appointment of James J. Tracy as COO of Distribution and Development, Wealth Management – U.S.

Morgan Stanley Smith Barney today announced the appointment of Managing Director James J. Tracy as Chief Operating Officer of Distribution and Development, Wealth Management in the U.S. His responsibilities will include business development, professional development, talent management and national branch services.

Mr. Tracy will report to Andy Saperstein, Head of Wealth Management in the U.S., who said, "In a career spanning over 25 years, Jim Tracy has demonstrated outstanding leadership in all aspects of wealth management. He helped build the industry’s leading investment advisory business and is committed to helping financial advisors achieve the highest levels of professional development. I look forward to working with him as we continue to build Morgan Stanley Smith Barney.”

Mr. Tracy most recently served at Morgan Stanley Smith Barney as Head of the Consulting Group, which has industry leading market share in investment consulting and managed money services. Previously he led National Sales, Professional Development, Marketing and Recruiting for Citigroup’s Global Wealth Management division, including the former Smith Barney. He began his career as a financial advisor, and has served as a Sales Manager, Branch Manager and Regional Director.

A graduate of Marietta College, Mr. Tracy is serving as 2010 Chairman of the Managed Money Institute, and is a frequent contributor to industry conferences as a speaker and writer.

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 investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust services. For further information about Morgan Stanley Smith Barney, please visit www.morganstanleysmithbarney.com.

Morgan Stanley (NYSE: MS) 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.