Cantor plans to join boutique investment firm Moelis & Co. this week as a vice chairman and board member, the Wall Street Journal reported Tuesday. The former congressman also plans to open a new office for the firm in Washington.
Cantor's compensation was unknown.
After suffering a stunning primary defeat at the hands of little-known economics professor David Brat in June, Cantor gave up his leadership position and resigned from Congress last month.
This post has been updated.