Eric Cantor to join investment bank Moelis as vice chairman

Tue Sep 2, 2014 1:41pm EDT

U.S. House Majority Leader Eric Cantor (R-VA) leaves after a news conference at the U.S. Capitol in Washington June 11, 2014. REUTERS/Yuri Gripas

U.S. House Majority Leader Eric Cantor (R-VA) leaves after a news conference at the U.S. Capitol in Washington June 11, 2014.

Credit: Reuters/Yuri Gripas

Related Topics

(Reuters) - Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co MC.N as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic counsel to the company's corporate and institutional clients on key issues, Moelis said.

"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," Moelis CEO Ken Moelis said in a statement.

Cantor, the No.2 Republican in the House of Representatives, was beaten by college economics professor David Brat, who accused Cantor of betraying conservative principles on spending, debt and immigration.

Cantor stepped down from his leadership position in the Republican-controlled House of Representatives last month and resigned from his Virginia seat.

(Reporting by Arnab Sen in Bangalore; Editing by Gopakumar Warrier)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article