Houston Firm Staffing Up Energy IB/PE Unit

Houston-based Arrowhead Financial Services Ltd. plans to hire analysts and other staff with energy backgrounds for a newly spun-off investment banking and private equity division.

The unit, now called Arrowhead Energy Partners LLC, deals with companies involved in domestic and international energy exploration, production, oil field service and midstream activities. It's looking to hire people with engineering, geology and lease-acquisition backgrounds over the next three quarters, according to an article in the Houston Business Journal.

"We identified an opportunity, attracted top talent and implemented a highly successful strategy for our partners within the oil and gas sector," Christopher Felch, managing partner of Arrowhead Financial, told the newspaper.

The parent, Arrowhead Financial, offers institutional and individual investment management, investment banking, merchant banking and risk transfer services.