Moelis & Co. hires ex-politician Cantor

Former Republican Congressman Eric Cantor is joining New York investment bank Moelis & Co. as vice chairman and managing director.

Cantor–who unexpectedly lost to David Brat in Virginia’s June primary–will also become a board member.

Read: U.S. Treasury Secretary tries to end tax inversions

As part of his responsibilities, Cantor will counsel corporate and institutional clients. He will also be active in client development and advise clients on strategic matters.

Read: Offshore tax rules under the microscope

Cantor was House Majority Leader for three years while also working as U.S. Representative for Virginia’s 7th Congressional District. He served in the House of Representatives from 2001 to 2014.

Read: SEC supports fiduciary standard

Staff, with files from The Associated Press

The Associated Press is an American not-for-profit news agency headquartered in New York City.