(REUTERS) Former House majority leader Eric Cantor is joining a Wall Street investment bank as vice-chairman and managing director, the firm announced this morning.
The firm, Moelis & Co., said Cantor will be based in the New York office of the global company and will soon open an office in Washington. Moelis, with 500 employees, is known as fast-growing “boutique” firm that advises companies and investors on mergers, acquisitions and risk.
It will use Cantor, 51, to help it compete for business, according to the Wall Street Journal, which broke the story. He will also advise corporate clients on takeovers and “other deals,” the Journal reported.
Advertisement - story continues below