Top paid banker starts new firm

Oil Barrels

Hugh 'Skip' McGee, the energy banker who rose to become Barclays' top-paid executive before he stunned Wall Street by resigning last year, is returning to his roots.

Bloomberg News reports that McGee has opened a new firm, Intrepid Financial Partners, to advise energy and power companies. It has six employees, a seed investor, a newly furnished office in New York and an empty one in Houston.

With McGee at the helm, Intrepid will be an old-school merchant bank, which means it will offer merger and restructuring advice to clients, and invest in them when it makes sense. Like other bankers who’ve struck out on their own, he’s counting on old relationships to bring him new business.

To access the complete Bloomberg News article hit the link below:

Skip McGee, a Veteran of Wall Street, Starts Anew With Intrepid

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