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FRANCISCO GROS, FORMER PRESIDENT OF CENTRAL BANK OF BRAZIL, JOINS MORGAN STANLEY AS SENIOR ADVISOR; GROS TO HELP EXPAND PRESENCE IN LATIN AMERICA

 NEW YORK, Nov. 18 /PRNewswire/ -- Morgan Stanley Group Inc. (NYSE: MS) today announced that Francisco Gros, who was President of the Central Bank of Brazil in 1987 and from 1991 through 1992, has joined the Firm as a Senior Advisor.
 Gros will initially be based in New York where he will help with the Firmwide effort to expand its presence in Latin America. He will also assist Latin American clients in all types of transactions and serve as a senior advisor to U.S. and international clients interested in investing or conducting business in the region.
 According to Clayton J. Rohrbach III, the Managing Director responsible for Morgan Stanley's activities in Latin America, Gros will be actively involved in developing new products and services to meet the needs of the Latin American and Brazilian marketplace. He said that Morgan Stanley planned to open an office in Brazil in 1994 and that Gros would also assume executive responsibility for that office.
 "Francisco has strong experience and an excellent reputation across Latin America and especially in the Brazilian government and financial community," said Rohrbach. "He is uniquely qualified and his addition to an increasingly strong Morgan Stanley Latin American team gives us a significant advantage in our efforts to become a strong presence in the region."
 In addition to serving as President of the Central Bank, Gros has held a number of other high level positions in Brazil, including Executive Director of the Brazilian National Development Bank, Commissioner of the Brazilian Securities and Exchange Commission, the Comissao de Valores Mobiliarios, and President and CEO of Aracruz Celulose S.A., Brazil's largest producer and exporter of eucalyptus pulp.
 Morgan Stanley is a global financial services firm serving multinational corporations, governments, financial institutions, emerging growth companies and substantial private investors. The Firm has been conducting business in Latin America since 1936 and has significantly increased its capital and professional resources dedicated to the region during the last several years. Today, nearly 100 Morgan Stanley professionals are involved in Latin America, 30 of whom are active in the investment banking business, including corporate finance, mergers and acquisitions, debt, equity, real estate and project finance.
 -0- 11/18/93
 /CONTACT: Mary Stubbs of Morgan Stanley, 212-703-6804/
 (MS)


CO: Morgan Stanley Group Inc. ST: New York IN: FIN SU: PER

TW-LG -- NY030 -- 5956 11/18/93 10:54 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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