Cantor is signing on with the boutique investment bank as a vice chairman and managing director, the company said. He will also be elected to its board of directors.

Cantor is expected to receive a pay package of $3.4 million in his new role, Business Insider reported, citing a Securities and Exchange Commission filing.

The firm 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.”