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Mitt Romney takes post-campaign role at son's investment firm
March 7, 2013 / 4:09 AM / in 5 years

Mitt Romney takes post-campaign role at son's investment firm

NEW YORK (Reuters) - Four months after losing the presidential election to Barack Obama, Mitt Romney is joining his son’s investment firm, a Romney adviser said on Wednesday.

Former Republican U.S. presidential candidate Mitt Romney waits for the start of a welterweight bout between Manny Pacquiao of the Philippines and Juan Manuel Marquez of Mexico at the MGM Grand Garden Arena in Las Vegas, Nevada December 8, 2012. REUTERS/Steve Marcus

Romney, last year’s Republican presidential nominee, will serve as chairman of the executive committee at Solamere Capital, said the adviser, who asked not to be identified. A formal announcement is expected later this week. The move was first reported by NBC News.

Romney’s son, Tagg Romney, co-founded Solamere in 2008 with Eric Scheuermann and Spencer Zwick, Mitt Romney’s finance chairman in his 2008 and 2012 presidential campaigns.

Mitt Romney co-founded the private equity firm Bain Capital before serving as Massachusetts governor.

Reporting By Edith Honan in New York and Timothy McLaughlin in Boston; Editing by Dan Whitcomb and Peter Cooney

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