Crow Holdings Taps Morgan Stanley's (MS) Michael Levy for Senior Leadership Role

October 24, 2016 8:35 AM EDT

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Crow Holdings announced that Michael Levy, previously COO of Morgan Stanley Investment Management, will be joining the Firm's senior leadership team. The announcement follows an extensive global search overseen by Crow Holdings' Chairman and CEO Harlan Crow. Mr. Levy, 50, will assume his new position at the Firm's Dallas Headquarters on November 7, 2016. In this capacity, Michael will work closely with the leadership teams, including Anne Raymond, Ken Valach, Bob McClain, Mike Silverman and Kirk Rimer, on business development, investment strategy and broader initiatives.

Prior to serving as COO for Morgan Stanley Investment Management's $400Bn asset management platform, Mr. Levy held various positions at Morgan Stanley including Head of Traditional Asset Management, CFO and COO for its real estate investing business and co-head of its real estate investment banking group. He joined in 1998 from Salomon Brothers and over time developed and expanded his investment and organizational responsibilities across the firm's real estate finance, private equity and asset management businesses.

Mr. Crow said, "For over two years, I have worked closely with our board of directors, our shareholders and the leaders of our businesses to ensure that we execute and grow our Firm's investment and development businesses while providing for succession in key leadership positions. Michael's addition is a key milestone in this effort. His investment acumen, relationship skills, and experience – which includes an 18 year career at Morgan Stanley across a range of investment and advisory disciplines – aligns squarely with our own diversified investment approach."

"Just as importantly," Mr. Crow continued, "Michael possesses a sincere appreciation for the special culture we have so carefully nurtured at Crow Holdings. We are confident that this culture will endure and thrive, as we continue to provide exciting opportunities for our associates, consistent and competitive investment returns for our partners and a stable foundation for the long term success of our business."

Mr. Levy said, "I have admired the Crow organization and professionals throughout my career and am excited and humbled by the opportunity to join this incredible organization. I have been consistently impressed by the people, the culture, the platform and the strength of Crow Holdings. The opportunity to work with this leadership team, the broader organization and our investors and partners is a unique honor and privilege."

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