Eric Cantor Joins Wall Street Bank
Eric Cantor may have lost his job as House Majority Leader but he’s gained employment with the Wall Street firm Moelis & Co., the firm announced on Tuesday. The firm will be based in the New York office of the global company and will soon open an office in Washington.
“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.
Cantor is signing on with the boutique investment bank as a vice chairman and managing director, the company said. He will also be elected to its board of directors.
Cantor is expected to receive a pay package of $3.4 million in his new role, Business Insider reported, citing a Securities and Exchange Commission filing.
The firm said Cantor will “provide strategic counsel to the firm’s corporate and institutional clients on key issues. He will play a leading role in client development and advise clients on strategic matters.”
“When I considered options for the next chapter of my career, I knew I wanted to join a firm with a great entrepreneurial spirit that focused on its clients,” Cantor said.
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