Morgan Stanley announced that Erskine Bowles has been appointed Lead Director of Morgan Stanley's Board of Directors, taking over from C. Robert Kidder effective February 1, 2014. Mr. Bowles was appointed by the independent directors of the Board. His appointment reflects the Firm's governance policy of rotating Lead Directors after a period of time.

Mr. Bowles has served as a director since December 2005 and as Chair of the Compensation, Management Development and Succession Committee since 2010.