Mike Tims, the veteran Calgary investment banker, was a free agent for all of four weeks.
Mr. Tims, who retired as chairman of Peters & Co. Ltd. at the end of 2013 following a more than three-decade stint at the energy-focused brokerage, has joined Matco Investments Ltd. as vice-chairman.
There, he will put his experience, contacts and knowledge to work as the privately-held firm, run by Ron Mathison, scouts for energy and real estate opportunities.
"Going to Matco is a very logical step for me, and I hope it will be the same for Matco," he said.
Mr. Tims and Mr. Mathison have worked together often over the years. Mr. Mathison was a principal and director at Peters, and the energy bank helped Matco with several investments in the sector. Peters was also retained for mergers and acquisitions by companies in which Matco has investments, such as Calfrac Well Services Ltd. and Tesla Exploration Ltd.
Matco operates a private investment counselling and asset management firm and is a co-owner of Eighth Avenue Place, a nearly completed twin office tower complex in downtown Calgary.
When Mr. Tims announced his retirement from Peters last year, he said he had a few requirements for his next role, including a less frantic schedule with an organization that did not compete with Peters. Matco fit the bill, he said.
"I hope to be able to continue to help Ron and the team that is already in place at Matco, both with its existing investments and with new opportunities, " he said. "There seems to be plenty of opportunities to review in Alberta and in the energy sector generally today."
Mr. Tims was one of a handful of veterans in Alberta investment banking to announce retirements from the business in recent months, along with RBC Dominion Securities Inc.'s Bill Sembo and FirstEnergy Capital Corp.'s Martin Molyneaux.