Ray Spitzley

Biography

Ray Spitzley is a Vice Chairman in Morgan Stanley’s Global Power and Utility Group and serves as Co-Head of the Firm’s Energy Transition banking efforts. Over the course of Ray’s 40 year career he has worked with companies and governments throughout North America, Europe and Asia regarding power, energy and other essential infrastructure. Ray is currently helping lead Morgan Stanley’s ‘Powering AI’ initiatives, working with the leading hyperscalers, data center companies and power providers to address the immense electricity requirements of AI-dedicated data centers.

Ray joined Morgan Stanley in 1993 in Hong Kong where he established the Firm’s power, energy and infrastructure banking practice in Non-Japan Asia. In 1998 Ray moved to Sydney Australia where he continued in that role while helping build out Morgan Stanley’s Investment Banking Division in Australia as the country Co-Head for IBD. In 2001 Ray returned to New York as a senior member of the Global Power and Utility Group.

Ray has led privatizations in Australia, China, Indonesia, Philippines, Singapore and Thailand; advised the Hong Kong Government on its $25 billion Port and Airport Development Scheme; helped lead the IPOs of Bloom Energy and Fluence Energy; led M&A transactions on behalf of a wide range of clients including Advanced Power, AES, Algonquin, CMS, Connectiv, CPV, Cypress Creek, Dominion, DTE, Duke, Dynegy, Enbridge, Engie, GIP, GPU, Hecate, ITC, Itochu, LS Power, Mitsui, National Grid, Noble, NRG, PSEG, Puget, RRI, Silicon Ranch, Singapore Power, Southern, and TC Energy; and worked on multi-billion dollar capital raisings for many of the aforementioned companies as well as Calpine, Equinix, Sempra and TVA.

Ray is a graduate of Denison University and holds a Masters in Public and Private Management from Yale University.