tsai3904
09-01-2014, 10:31 PM
Eric Cantor to Join Wall Street Investment Bank
Deposed House Majority Leader To Open Washington Office for Moelis & Co.
Eric Cantor plans to join boutique investment bank Moelis & Co., as the recently defeated House majority leader embarks on a new career on Wall Street.
Mr. Cantor, 51 years old, will be a vice chairman and board member at the firm, effective this week, he and Moelis founder Ken Moelis said in a joint interview on Monday.
Mr. Cantor, a Virginia Republican, lost his seat in Congress when he was defeated in a June primary. Rather than continue as majority leader, he stepped down from the post last month.
At Moelis, Mr. Cantor will help the firm, which was formed in 2007 and has offices overseas, compete for business and advise corporate and investor clients on takeovers and other deals.
Mr. Moelis said he is hiring Mr. Cantor for his "judgment and experience" and ability to open doors—and not just for help navigating regulatory and political waters in Washington. Still, expertise in such matters is likely to be valuable given how heavily they can weigh on the minds of corporate executives contemplating deals.
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More:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCIQqQIwAA&url=http%3A%2F%2Fonline.wsj.com%2Farticles%2Feric-cantor-to-join-wall-street-investment-bank-1409630638&ei=n0cFVJmMGIKxiwKusYHAAg&usg=AFQjCNGJbbLxOA3hNKrSkk9C7JjBbbSX-g&sig2=5TraGIw_366UpKN0-BNdng&bvm=bv.74115972,d.cGE
Deposed House Majority Leader To Open Washington Office for Moelis & Co.
Eric Cantor plans to join boutique investment bank Moelis & Co., as the recently defeated House majority leader embarks on a new career on Wall Street.
Mr. Cantor, 51 years old, will be a vice chairman and board member at the firm, effective this week, he and Moelis founder Ken Moelis said in a joint interview on Monday.
Mr. Cantor, a Virginia Republican, lost his seat in Congress when he was defeated in a June primary. Rather than continue as majority leader, he stepped down from the post last month.
At Moelis, Mr. Cantor will help the firm, which was formed in 2007 and has offices overseas, compete for business and advise corporate and investor clients on takeovers and other deals.
Mr. Moelis said he is hiring Mr. Cantor for his "judgment and experience" and ability to open doors—and not just for help navigating regulatory and political waters in Washington. Still, expertise in such matters is likely to be valuable given how heavily they can weigh on the minds of corporate executives contemplating deals.
...
More:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCIQqQIwAA&url=http%3A%2F%2Fonline.wsj.com%2Farticles%2Feric-cantor-to-join-wall-street-investment-bank-1409630638&ei=n0cFVJmMGIKxiwKusYHAAg&usg=AFQjCNGJbbLxOA3hNKrSkk9C7JjBbbSX-g&sig2=5TraGIw_366UpKN0-BNdng&bvm=bv.74115972,d.cGE