Long-time democratic politician and former Chicago Mayor Rahm Emanuel will join investment bank Centerview Partners, a source familiar with the matter told CNBC Wednesday.
Just a month after leaving the mayor's office of Chicago, Emanuel will be advising clients on mergers for Centerview, co-founders of the firm told the Wall Street Journal, which first reported the news.
Centerview has offices in New York, London, San Francisco, Palo Alto and Los Angeles and will be opening an office in Chicago.
Emanuel's democratic political career took off when he served as a senior advisor to President Bill Clinton. Emanuel later served three terms in Congress and then was White House chief of staff to President Barack Obama, all prior to his time as mayor.
Emanuel was also considering positions at Evercore Partners and Blackstone Group, people familiar with the matter told the WSJ.
Freshman congresswoman Alexandria Ocasio-Cortez took a shot at Emanuel on Wednesday after the news broke, saying "not all Democrats are the same."