Morgan Stanley
no content left of this line no content right of this line delivers long term financial benefits with low execution risk place content below this line pro summary financial impact place content below this line morgan investment management morgan assets under management total net flows revenues to immediately and marginally accretive thereafter with fully phased in cost synergies cost savings of or of and combined expenses utilizes of excess capital expect ratio to be capital above of maintains significant capital flexibility improves stress testing profile accretion of offsets dilution to tangible book value per share no content right of this line source and footnotes guideline no content left of this line | Morgan Stanley
Company
Deck date
October 2020
Slide
14 of 21
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