Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.





On May 20, 2021, the Board of Directors of Morgan Stanley (the "Company")
appointed Edward N. Pick as Co-President of the Company, Andrew M. Saperstein as
Co-President of the Company, Jonathan Pruzan as the Company's Chief Operating
Officer and Sharon Yeshaya as the Company's Chief Financial Officer, each
effective June 1, 2021.



As Chief Financial Officer, Ms. Yeshaya will join the Operating Committee and
will receive a base salary of $1 million, the same base salary as the outgoing
Chief Financial Officer, and will receive the same benefits provided to other
members of the Company's Operating Committee.



Mr. Pick, 52, has served as Head of Institutional Securities since July 2018.
Previously, Mr. Pick served as Global Head of Sales and Trading from October
2015 to July 2018. He was Head of Global Equities from March 2011 to October
2015, Co-Head of Global Equities from April 2009 to March 2011, Co-Head of
Global Capital Markets from July 2008 to April 2009, and Co-Head of Global
Equity Capital Markets from December 2005 to July 2008. Mr. Pick joined the
Company in 1992.



Mr. Saperstein, 54, has served as Head of Wealth Management since April 2019.
Previously, Mr. Saperstein has served as Co-Head of Wealth Management from
January 2016 to April 2019. He was Co-Chief Operating Officer of Institutional
Securities from March 2015 to January 2016 and Head of Wealth Management
Investment Products and Services from June 2012 to March 2015. Mr. Saperstein
joined the Company in 2006.

Mr. Pruzan, 52, has served as Executive Vice President and Chief Financial Officer since May 2015 and Head of Corporate Strategy since December 2016. Previously, Mr. Pruzan has served as the Co-Head of Global Financial Institutions Group from January 2010 to April 2015. He was Co-Head of North American Financial Institutions Group M&A from September 2007 to December 2009 and Head of the U.S. Bank Group from April 2005 to August 2007. Mr. Pruzan joined the Company in 1994.

Ms. Yeshaya, 41,has served as Head of Investor Relations since June 2016. Previously, Ms. Yeshaya has served as Chief of Staff in the Office of the Chairman and CEO from January 2015 to May 2016 and she was Co-Head of New Product Origination for Derivative Structured Products and also held various research, trading and structuring roles in the Fixed Income Division. Ms. Yeshaya joined the Company in 2001.

The Company's related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in its entirety.

Item 9.01 Financial Statements and Exhibits.





 (d) Exhibits




Exhibit
Number  Description

99.1 Press release of the Company, dated May 20, 2021

104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the Inline XBRL Document

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