On Tuesday, boutique Wall Street investment bank Moelis & Co. announced a new hire: recently defeated House Majority leader Eric Cantor (R-Va.). Cantor, 51, will be vice chairman, board member, and a managing director based in New York City, but he will soon open an office in Washington, D.C.
Founder Ken Moelis tells The Wall Street Journal that he hired Cantor, a lawyer who has no background in banking, for his "judgment and experience" and ability to open doors. Cantor said that he and Moelis, whom he has known for three years, started discussing his employment right before July 4, when the men and their wives were having brunch together in Los Angeles.
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