People: Morgan Stanley (MS.N)
Mr. Erskine B. Bowles has been appointed as Lead Independent Director of Morgan Stanley effective February 1, 2014. Mr. Bowles has been a director since December 2005. He was named Co-Chair of the National Commission on Fiscal Responsibility and Reform in 2010. Mr. Bowles served as President of The University of North Carolina from 2006 through 2010. He has been a Senior Advisor to Carousel Capital, a private investment firm, since September 2001, and served as a Managing Director from March 1999 to September 2001. Mr. Bowles was a General Partner of Forstmann Little & Co., a private investment firm, from March 1999 to September 2001. He served in the Administration of President Clinton as head of the Small Business Administration and White House Chief of Staff. He was the United Nations Deputy Special Envoy for Tsunami Recovery with the rank of Under Secretary General in 2005. Mr. Bowles worked at Morgan Stanley from July 1969 to January 1972. He is a director at Belk, Inc., Facebook, Inc. and Norfolk Southern Corporation. A graduate of The University of North Carolina, he has an M.B.A. from Columbia.
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