Morgan Stanley (MS) Taps Former FASB Chair Herz to Board

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Morgan Stanley (NYSE: MS) announced today that Robert H. Herz has been elected to the Company’s Board of Directors. His appointment is effective July 2.

Mr. Herz served as Chairman of the Financial Accounting Standards Board from July 2002 to September 2010 and was previously a member of the International Accounting Standards Board. He is currently President of Robert H. Herz LLC, providing consulting services on financial reporting matters, and has been a Director of Fannie Mae since June 2011. In addition, Mr. Herz serves on the Accounting Standards Oversight Council of Canada and as a member of the Standing Advisory Group of the Public Company Accounting Oversight Board.

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