RICHMOND, Va. — Former House Majority Leader Eric Cantor has a new job as vice chairman and managing director of a global independent investment bank.

New York-based Moelis & Company announced Cantor’s appointment today in a news release.

Cantor lost his re-election bid in the June primary and left Congress in August. The Virginia Republican had served seven terms representing the state’s 7th Congressional District.

Cantor says in the release that he considered his career options and knew he wanted to join a firm with what he calls “a great entrepreneurial spirit that focused on its clients.”