TPH Founders Bobby Tudor, Maynard Holt To Retire

As part of the succession process, Chad Michael will become president of Tudor, Pickering, Holt & Co. He joined the firm in 2007 and, earlier this year, was named co-head of investment banking, the memo said.

David French, Reuters

Bobby Tudor and Maynard Holt, two of the three founders of the energy-focused boutique investment bank Tudor, Pickering, Holt & Co. (TPH), plan to retire in January, according to a memo from the firm on Oct. 5.

Along with Dan Pickering, the duo started the Houston-based bank in 2007. Since then, it has grown to 145 people offering investment and merchant banking advisory services to the oil and gas industry and, increasingly, in the energy transition space.

In 2016, it was bought by Perella Weinberg Partners and has since acted as the investment bank's energy arm.

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