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

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(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)

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Comments (7)
RicardoAli wrote:
Eric, to those you are going to give campaign contributions to remember to plug getting legislation passed to stop over half a century of the abusive application of the state secrets privilege and related doctrine, regulation, act, executive order and policy abuses. And tell them passing Senator Pat Leahy’s USA FREEDOM Act would be a good start.

Sep 02, 2014 3:17am EDT  --  Report as abuse
Bernie777 wrote:
That didn’t take long, from Republican Minority leader to a banker, the big payoff.

Sep 02, 2014 4:42am EDT  --  Report as abuse
Doc62 wrote:
“”Eric has proven himself to be a pro-business advocate”. He lost to a teabagger? Cantor has many “friends” in finance, like Romney. Nice to see him disappear. Can he take the GOP with him? please.

Sep 02, 2014 7:42am EDT  --  Report as abuse
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