By Tatiana Bautzer

Copyright reuters

CompaniesMorgan Stanley

NEW YORK, Sept 17 (Reuters) – Morgan Stanley is combining two investment banking teams, Global Energy and Global Power and Utilities, into a new Global Power and Energy Group, according to an internal memo sent to the investment banking division on Wednesday, a copy of which was seen by Reuters.

The group co-heads will be Jon Fouts and Michael O’Dwyer and the merger of the teams aims to adapt to the changes in the global energy landscape, with accelerating demand for power from both traditional and renewable sources, the memo said.

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Fouts has been global head of power and utilities since 2022 while O’Dwyer was global head of energy.

Morgan Stanley declined to comment.

Eddie Mannheimer will lead North America power and utilities investment banking and Ryan Synnott will head Houston energy investment banking, according to the memo.

For Europe, Middle East and Africa, the leaders will be Francesco Puletti, for power and utilities, and Mutlu Guner, for energy.

Reporting by Tatiana Bautzer; Editing by Emelia Sithole-Matarise

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Tatiana BautzerThomson ReutersTatiana Bautzer is a U.S. banking correspondent at Reuters in New York. She previously covered banks in Brazil, breaking news on deals by major global corporations, initial public offerings and bankruptcies. She has also delved into corruption scandals at Brazilian conglomerates and business disputes between billionaires. Prior to joining Reuters in 2015, Bautzer worked for business magazines Exame and Istoe Dinheiro and newspapers Valor Economico and O Estado de S. Paulo. She previously served as international correspondent for Valor Economico in Washington, D.C., covering multilateral institutions and trade. Bautzer holds a B.A. in Journalism and an MBA from the University of Sao Paulo.