He's been hired by Cantor Fitzgerald as a senior managing director and head of its investment-banking division, Page Six reports.
"We have done our due diligence and we are pleased he is joining the firm," a rep for the bank told Page Six.
Kelly is expected to start this week, the report said.
In 2014, Kelly's (now ex-) wife Christina Di Mauro Kelly made allegations as part of a divorce proceeding that sounded like something straight out of "The Wolf Of Wall Street." In a 26-page sworn affidavit, she accused Kelly of multiple instances of drug use and extramarital sex, including an alleged foursome with a client.
Her affidavit also made accusations against a number of Jefferies bankers, all of whom categorically denied her allegations.
Shortly after the allegations were circulated in the media, Sage Kelly took a leave of absence from Jefferies and eventually resigned.
All of the Jefferies bankers named in her affidavit took and passed a voluntary drug test.
The divorce was ultimately settled for an undisclosed sum.
In a signed statement, Di Mauro blamed the media for "inaccurate, untrue or hyperbolic" things that were written about her ex and Jefferies bankers. She also said that Kelly is a "an individual of high integrity."