1. BusinessUnits (5)
   1. Morgan Stanley Smith Barney
   2. Sales & Trading (18)
      1. Crosss-Asset Class
      2. Distribution
      3. Portfolio Trading
      4. Securitized Products Group
      5. Equity Derivatives Trading
      6. Research
      7. Emerging Markets
      8. Foreign Exchange
      9. Commodities
      10. Public Finance
      11. Financing Products Group
      12. Equity Secuties Lending (ESL)
      13. Core Trading
      14. Corporate Credit Group
      15. Prime Brokerage
      16. Listed Derivatives & Program
      17. Cash Trading
      18. Interest Rate Cash/Derivatives
   3. Investment Banking
      1. Banking
      2. Mergers & Acquisitions
      3. Real Estate
   4. Global Capital Markets
   5. Investment Management
      1. Asset Management
         1. Sales, Marketing & PROD.DEV
         2. Investments
      2. Merchant Banking
         1. Real Estate
         2. Private Equity
         3. Infrastructure
2. Company Management (10)
   1. Legal & Compliance
   2. Corporate Services
   3. Finance
      1. Corporate Treasury
      2. Financial Control Group
      3. Strategy & Execution
   4. Government Relations
   5. Corporate Communications
   6. Human Resources
   7. Talent Management
      1. MSU
      2. Mobility
   8. Community Affairs
   9. Firmwide Marketing
   10. Risk Management
3. Operation&Technology
   1. Technology
   2. Operations