Cantor to join investment bank Moelis as vice chairman
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[September 02, 2014]
(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
"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
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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