Former House Majority Leader Eric Cantor has found a new job on Wall Street.
He’s heading to the investment bank of Moelis & Co. as vice chairman and managing director, to advise the firm on takeovers and on other deals, The Wall Street Journal reported.
Mr. Cantor is also going to help the firm open a Washington office, Fox News reported.
The position isn’t so different from Mr. Cantor’s pre-political past. The Virginia lawmaker worked in his family’s real estate business before his election to office, Fox News said. Meanwhile, his wife, Diana, previously worked for Goldman Sachs.
“Eric has proven himself to be a pro-business advocate and one who will enhance our boardroom discussions with CEOs and senior management as we help them navigate their most important strategic decisions,” the firm’s founder, Ken Moelis, said in a statement from the firm.
Mr. Cantor will maintain his home in Virginia, but also work from an office at the company’s New York headquarters.
Since 2012 and while legislator, Mr. Cantor raised more than $1.4 million from financial firms, The Wall Street Journal reported.
• Cheryl K. Chumley can be reached at cchumley@washingtontimes.com.
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