Mr. Paul W. Klug
Managing Director & COO
Morgan Stanley Asset & Investment Trust Management

Paul Klug joined Morgan Stanley Dean Witter Investment Management in June 1997. He is a Managing Director and Business Head (Chief Operating Officer) of Morgan Stanley Asset & Investment Trust Management Co., Limited (MSAITM), the Firm's institutional asset management unit in Japan. Previously, he was responsible for Product Development and Mutual Fund Administration worldwide. Prior to joining the Firm, he was a Vice President with Goldman Sachs Asset Management, focusing on Goldman's banking clients. He has also held several management positions with Chase Manhattan(COO-Vista Capital Management; Service Delivery Executive, International Private Banking) and JP Morgan. He received an M.B.A from the Wharton School and a B.S. in Engineering from Cornell University.