Former House Majority Leader Eric Cantor this week begins working at the boutique investment bank Moelis & Co.
Cantor will serve as vice chairman and managing director, and will also be elected to the firm's board of directors.
Cantor, 51, and firm founder Ken Moelis announced the decision in a joint interview Monday.
A statement on the Moelis website said, "Cantor will provide strategic counsel to the firm's corporate and institutional clients on key issues. He will play a leading role in client development and advise clients on strategic matters."
Cantor does not have a Wall Street background but was considered a friend of Wall Street while he served in Congress.
Cantor, who will continue to live in Virginia, will open a new office for the firm in Washington, D.C., in addition to having an office at the company's headquarters in New York City, according to The Wall Street Journal.