Morgan Stanley Stock Price, News & Analysis

Morgan Stanley Investment Management announced a management change for the Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE: EDD). Effective immediately, Eric J. Baurmeister will no longer serve as a portfolio manager. Warren Mar and Sahil Tandon will continue their roles as portfolio managers. Morgan Stanley manages over $1.5 trillion in assets globally as of September 30, 2021, focusing on delivering strong long-term investment performance.

Morgan Stanley Investment Management announced a management change for the Morgan Stanley India Investment Fund, Inc. (NYSE: IIF). Effective December 31, 2021, Ruchir Sharma will step down as a portfolio manager, while Amay Hattangadi will continue in his role and be supported by analyst Saurabh Mishra. The Emerging Markets Equity team manages the Fund, with Sharma having been involved since January 2001 and Hattangadi since March 2019. As of September 30, 2021, Morgan Stanley manages over $1.5 trillion in assets globally.

Morgan Stanley (NYSE: MS) announced the election of Erika James to its Board of Directors, effective January 1, 2022. Currently the Dean of the Wharton School, James brings expertise in crisis leadership and workplace diversity. James Gorman, Chairman and CEO, expressed optimism about her strategic insights benefiting the firm's diversity initiatives. James, a pioneering figure in business education, previously served as the Dean at Emory University’s Goizueta Business School. This appointment is expected to enhance the firm's leadership and management capabilities.

Morgan Stanley and American Express have launched the Morgan Stanley Blue Cash Preferred® American Express Card, designed for clients with a Morgan Stanley brokerage account. Cardholders can earn a $100 statement credit each year and receive up to 6% cash back on various purchases, including groceries, gas, and streaming services.

The card offers a welcome bonus of $300 after spending $3,000 within the first six months, alongside a $0 annual fee for the first year. It is aimed at enhancing client financial management and providing exclusive rewards.

Morgan Stanley Infrastructure Partners has acquired SpecialtyCare, Inc. from Kohlberg & Company, enhancing its position in the outsourced clinical services sector for hospitals. SpecialtyCare operates in over 1,200 hospitals across 46 U.S. states, providing critical services such as cardiovascular perfusion and intraoperative neuromonitoring. With a proven track record in patient care, the acquisition aims to support SpecialtyCare's growth and improve patient outcomes. MSIP manages over $16 billion in assets and pursues investments that deliver essential public services.

On November 10, 2021, at 8:50 a.m. (ET), Daniel Simkowitz, Head of Investment Management at Morgan Stanley (NYSE: MS), will present at the BofA Securities 2021 Banking and Financials Conference. The event will be held virtually, with both live and on-demand webcasts available on www.morganstanley.com in the Investor Relations section. Morgan Stanley continues to be a leading global financial services firm, offering investment banking, securities, and wealth management services across over 41 countries.