Mr. Runde joined Morgan Stanley in 1974 and has served as a trusted advisor to many of the world's leading companies. Mr. Runde has managed a wide range of mergers, privatizations and restructurings and has also been responsible for raising billions of dollars in equity and debt capital on behalf of the Firm's clients. Mr. Runde, who has established a particular expertise in the transportation industry, led the Transportation Group within Morgan Stanley's Corporate Finance Division for 20 years.
Mr. Runde perhaps is best known for winning the lead underwriting position for Morgan Stanley for UPS's $5.5 billion initial public offering in 1999, which at that time was the largest IPO in history. Mr. Runde also advised Conrail for over 15 years through its privatization, restructuring, recapitalization and sale.
"Jim represents the best of Morgan Stanley: a tireless commitment to client service, teamwork and focused leadership," said Philip J. Purcell, Morgan Stanley's chairman and chief executive officer, "We are grateful for his dedication and service over the past 30 years, and are pleased that he will continue to be available to us as an advisor."
"Morgan Stanley has been an integral part of my life for 30 years," Mr. Runde said. "I am so fortunate to have had the opportunity to work with some of the most talented and well-respected business leaders in investment banking and the corporate world, and look forward to maintaining a continuing association with Morgan Stanley."
Mr. Runde joined Morgan Stanley in 1974 after serving five years as an officer in the United States Navy on Admiral H.G. Rickover's nuclear engineering staff.
Morgan Stanley is a global financial services firm and a market leader in securities, asset management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.