EXHIBIT 21
Subsidiaries of Morgan Stanley*
As of December 31, 2016
* Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of certain other subsidiaries of Morgan Stanley are omitted because, considered in the aggregate as a single subsidiary, they would not constitute a “significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X under the Securities Exchange Act of 1934.
| Company | Jurisdiction of Incorporation or Formation | |
| Morgan Stanley |
Delaware | |
| Morgan Stanley Capital Group Inc. |
Delaware | |
| Morgan Stanley Investment Management Inc. |
Delaware | |
| Morgan Stanley Senior Funding |
Delaware | |
| Morgan Stanley Portfolio Management LLC |
Delaware | |
| Morgan Stanley Equity Services Inc. |
Delaware | |
| Morgan Stanley Fixed Income Ventures Inc. |
Delaware | |
| Morgan Stanley Strategic Investments, Inc. |
Delaware | |
| Morgan Stanley Capital Management, LLC |
Delaware | |
| Morgan Stanley Domestic Holdings, Inc. |
Delaware | |
| Morgan Stanley Smith Barney Holdings LLC |
Delaware | |
| Morgan Stanley Smith Barney FA Notes Holdings LLC |
Delaware | |
| Morgan Stanley Smith Barney LLC |
Delaware | |
| Morgan Stanley & Co. LLC |
Delaware | |
| Prime Dealer Services Corp. |
Delaware | |
| Morgan Stanley Capital Services LLC |
Delaware | |
| Morgan Stanley Delta Holdings LLC |
New York | |
| Morgan Stanley Bank, N.A. |
Federal Charter | |
| Morgan Stanley Private Bank, National Association |
Federal Charter | |
| Morgan Stanley International Holdings Inc. |
Delaware | |
| Morgan Stanley Asia Holdings Limited |
Cayman Islands | |
| Morgan Stanley (Hong Kong) Holdings Limited |
Hong Kong | |
| Morgan Stanley Hong Kong 1238 Limited |
Hong Kong | |
| Morgan Stanley Hong Kong Limited |
Hong Kong | |
| Morgan Stanley Asia Securities Products LLC |
Cayman Islands | |
| Morgan Stanley Asia Limited |
Hong Kong | |
| MSJL Holdings Limited |
Cayman Islands | |
| Morgan Stanley Japan Holdings Co., Ltd. |
Japan | |
| Morgan Stanley MUFG Securities Co., Ltd. |
Japan | |
| Morgan Stanley International Limited |
United Kingdom | |
| Morgan Stanley UK Group |
United Kingdom | |
| Morgan Stanley Investments (UK) |
United Kingdom | |
| Morgan Stanley Investment Management Limited |
United Kingdom | |
| Morgan Stanley & Co. International plc |
United Kingdom | |
| Morgan Stanley Poggio Secco Limited |
Cayman Islands | |
| Morgan Stanley Clare S.a r.l. |
Luxembourg | |
| Morgan Stanley San Donato S.a r.l. |
Luxembourg | |
| Morgan Stanley Syrah Two Limited |
Cayman Islands | |
| Morgan Stanley Donegan Limited |
Cayman Islands |