Peter M. Lake,
Board Chairman

Peter Lake has served as a Board member of the Texas Water Development Board since December 15, 2015. Governor Greg Abbott designated him Chairman in February 2018.

Lake has held a variety of financial roles across a number of industries. Previously, he acted as director of research and head of automated trading at Gambit Trading, a member firm of the Chicago Board of Trade and the Chicago Mercantile Exchange. In this capacity, he led the firm’s market research initiatives and directed the development of its first automated trading programs. As one of the firm’s proprietary market makers he also traded interest rate derivatives, primarily focusing on U.S. Treasury bond futures.

He has also served as director of business development for Lake Ronel Oil Company, where he focused on financial analysis of upstream oil and gas opportunities. In addition, he served as director of special operations for VantageCap Partners. In this position he played a key role in the due diligence, valuation, and transactional aspects of the successful divestment of the firm’s primary investment.

Lake graduated with a bachelor of arts in public policy with a specialization in economics from the University of Chicago, and he earned a master’s of business administration from Stanford University’s Graduate School of Business.
Lake was born and raised in Tyler, Texas.
Lake’s term will expire February 1, 2021.