Morgan Stanley (NYSE:MS) announced the sale of Saxon Mortgage Services, Inc., a provider of servicing and subservicing of residential mortgage loans, to Ocwen Financial Corporation (OCN). Ocwen has agreed to acquire Saxon for the base purchase price of $59.3 million, plus an estimated $1.4 billion for servicing advance receivables outstanding. The transaction is targeted to close in the first quarter of 2012 and is not expected to have a material impact on financial results.

In addition, Morgan Stanley Smith Barney announced today that it will have two speakers featured at the 19th annual conference of the National Association of Stock Plan Professionals (NASPP) on November 1–4, 2011, in San Francisco. Morgan Stanley Smith Barney provides stock plan services to nearly 2.5 million participants at more than 500 corporations globally, including more than 20 percent of the Fortune 500.

The 2011 NASPP Annual Conference includes four days of often critical and timely discussions for professionals involved in the design, oversight, administration, and disclosure of stock and executive compensation.

One session features Christopher Dohrmann, Executive Director, Global Stock Plan Services at Morgan Stanley Smith Barney, on a panel exploring the inadvertent administrative and compliance consequences of some common practices relating to stock options, restricted stock and Employee Stock Purchase Plans. “Sometimes, even the most well-intended plan provisions can lead to unforeseen pitfalls. As a leading stock plan services provider, we can present some of the best practices we’ve seen to help issuers avoid administrative headaches,” said Mr. Dohrmann.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries.

More about MS at www.morganstanley.com.

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