Meet Cantor's new boss -- same as his old boss
(Washington Post) Former House majority leader Eric Cantor is joining a Wall Street investment bank as vice chairman and managing director, the firmannounced this morning.
The firm, Moelis & Co., said Cantor will be based in the New York office of the global company and will soon open an office in Washington. Moelis, with 500 employees, is known as a fast-growing “boutique” firm that advises companies and investors on mergers, acquisitions and risk.
It will use Cantor, 51, to help it compete for business, according to the Wall Street Journal, which broke the story. He will also advise corporate clients on takeovers and “other deals,” the Journal reported.
Cantor, a lawyer, does not have a Wall Street background, though he was considered a friend of Wall Street in Congress. According to data compiledby the Center for Responsive Politics, individuals and committees associated with the securities and investment business were the leading donors among industries to Cantor’s reelection bid, giving a combined total of about $1.4 million during the primary election cycle in 2013 and 2014.