Congratulations to Digital Realty's CFO, Andy Power, who was just named to The San Francisco Business Times' 40 Under 40!
As part of this prestigious honour, Andy will be featured in the March issue of the San Francisco Business Times, alongside others having been named the city's most amazing, most disruptive, most decorated and most respected business leaders under the age of 40. Andy was also honored at an awards event on Wednesday, March 14 at AT&T Park.
Andy's history with Digital Realty dates back to the company's IPO in 2004, during which he started working with Digital as an investment banker. Andy was part of the lead underwriting team that advised us on our initial public offering in 2004 and served as a lead manager on nearly every subsequent public capital raise. In April 2015, Digital Realty's leadership invited him to replace me as CFO, as I had recently been named CEO.
Andy previously served as Managing Director of the Real Estate, Gaming and Lodging Investment Banking for Bank of America Merrill Lynch, where he was responsible for relationships with over 40 public and private companies, including Digital Realty. Prior to Bank of America Merrill Lynch, Andy was employed at Citigroup, where he held similar positions. During his career, he has managed the execution of public and private capital raises in excess of $30 billion, including the largest REIT IPO to date, and more than $19 billion of merger and acquisitions transactions.
Andy has been closely involved throughout Digital Realty's transformation over the years as the company created not only an original business model - the outsourced data centre solution - but also created a new asset class. Digital Realty was the first data centre REIT, and the company has had a REIT structure since its 2004 IPO.
Of course, Andy has been an integral team member with regard to the acquisition, financing and integration of strategic investments at Digital Realty, including the acquisition of Telx for $1.9 billion. Most recently, Digital Realty acquired fellow data centre operator, DuPont Fabros Technology in a $7.8 billion deal. Andy was heavily involved in the process to bring DuPont Fabros aboard, a strategic combination enabling us to better serve a growing and global customer base with the full product spectrum of foundational data centre solutions.
Again, congratulations to Andy on this important recognition of all your exceptional accomplishments!
For more details about San Francisco Business Times 40 Under 40, visit https://www.bizjournals.com/sanfrancisco/40-under-40/.