SUBSCRIBE
PROFILE

Morgan Stanley merges energy and utilities teams into new global group

The US investment bank is restructuring its operations by merging its energy and utilities divisions to form a global power and energy unit.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Morgan Stanley has merged its Global Energy and Global Power and Utilities investment banking teams to create a new entity named the Global Power and Energy Group. The announcement was made in an internal memo sent to the investment banking division. The reorganisation aims to better reflect the ongoing shifts in global energy demand, driven by rising needs for both traditional and renewable sources.

The group will be co-headed by Jon Fouts, who has served as Global Head of Power and Utilities since 2022, and Michael O’Dwyer, formerly Global Head of Energy. According to the memo, the merger is described as a direct response to the structural transformations in the energy landscape and increasing demand for financial advisory services in the sector.

Regional leadership allocation

The new structure includes a regional distribution of leadership roles. In North America, Eddie Mannheimer will lead investment banking for the power and utilities sector, while Ryan Synnott will head the energy division in Houston, a historic hub for oil and gas operations.

In the Europe, Middle East and Africa (EMEA) region, Francesco Puletti will oversee power and utilities, and Mutlu Guner will lead energy activities. Both executives are tasked with coordinating advisory and financing services in their respective regions, amid high capital demand for energy infrastructure.

Strategic response to a shifting market

This move is part of a broader strategy by major investment banks to streamline their sector divisions to better support clients navigating industrial transitions and financing requirements. By combining sector expertise into a single unit, the bank aims to provide more cohesive coverage across the entire energy value chain, including producers, distributors and infrastructure operators.

Morgan Stanley declined to comment publicly on the decision, but according to the memo, the new structure is expected to enhance the group’s agility in responding to rapid sector developments, such as supply diversification and the expansion of hybrid assets.

  • Popular on energynews.pro
ORE Catapult tests Danish technology to extend offshore wind blade lifespan
Kuwait launches tender for 500 MW solar project
UK creates taskforce to strengthen energy resilience after Heathrow outage
Illinois clarifies county authority over solar siting
Japan approves partial restart of Kashiwazaki-Kariwa nuclear power plant
Adnoc strengthens ties with China through new energy deals in Shanghai
Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
Cenovus raises $2.6bn in bonds and announces debt buyback
Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Enerfip acquires Lumo and exceeds 50% market share in France
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center
The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
Shell extends exchange premium after collecting $6.2bn in notes
Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
ReGen III secures $3.975mn in sub-agreements under debenture exchange
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.
Enkraft increases pressure on ABO Energy amid contested sale process
Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
CNPC launches power subsidiary to accelerate its energy strategy
China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.
Kretinsky takes stake in TotalEnergies through €5.1bn asset swap
Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.
TotalEnergies and Rubis fined €187.5mn for cartel in Corsica
France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.
EDF and OpCore launch €4 billion data centre campus near Paris
EDF and OpCore are converting a former thermal power plant south-east of Paris into one of Europe’s largest data centre campuses, backed by a €4 billion ($4.31bn) investment and scheduled to begin service in 2027.
Certified 3D-printed parts for oil and gas enabled by secure remote production
Four companies completed a global series of secure remote additive manufacturing to locally produce certified parts for the oil and gas industry, marking a key industrial milestone for supply chain resilience.
BW Offshore and BW Group launch BW Elara for floating freshwater production
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.
Frontera splits operations to unlock asset value in Colombia
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.
TotalEnergies commits $100mn with Climate Investment to support OGDC
TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.
Washington strengthens its support for Standard Lithium in Arkansas DLE project
Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.