Boutique investment bank Moelis & Co. has hired veteran oil and gas investment banker David Cunningham in its Houston office, according to an internal memo seen by Reuters July 6, Reuters reported that day.

Cunningham joins Moelis from Houston-based oil and gas boutique investment bank Tudor, Pickering, Holt & Co., where he was one of the five initial managing directors, according to the memo.

New York-based Moelis, known mostly for its restructuring and merger advisory services, has been building out its oil and gas investment banking practice in recent months, also hiring Christopher Shaw as a managing director in its London office.