McGuire, then vice chairman of Citigroup Inc., said he was thinking of joining the race to become New York’s next mayor. Meet New York City mayoral candidate, Ray McGuire, who says that people want a change from someone who has done things and has receipts to prove it. Wright has been a player in New York politics for well over a decade, including a stint working with David Dinkins, when he was the Manhattan borough president. 500,000 jobs—go big, go small, go forward. Citigroup Vice Chairman Ray McGuire, who is … Ken Chenault, who ran American Express Co. … SistersInc. Citigroup's Ray McGuire appears to be moving closer to running for mayor of New York. Close out Women’s History Month with Black Women for Ray, from 6:30- 7:30 p.m. RSVP at press@rayformayor.com to obtain a Party with a Purpose registration link. Women of Power TECH, PODCASTS "Could he make the case? View a list of all our leaders and read their profiles. yahoo.com - (Bloomberg) -- Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. McGuire kicked off the interview by describing it as a city that is facing the crisis of COVID, the crisis of the economy, and religious and racial hatred. McGuire, who is Black, is a veteran financial executive but … Emergency social services, summer jobs, giving affordable childcare, student debt, and education were other key discussion topics. Hank Sheinkopf, a veteran strategist whose previous clients include former President Bill Clinton and former New York Mayor Mike Bloomberg, met with McGuire before the state locked down due to the coronavirus pandemic. Contact https://www.thehistorymakers.org/biography/raymond-j-mcguire The people describing McGuire's ongoing decision process declined to be named as they have all been made in private. Bankers Bill Lewis and Fred Terrell raised a glass. 0 3 4 minutes read. He eventually attended Harvard. McGuire was born in Ohio and educated at Harvard before entering the world of investment banking. He recruited and built teams to do multibillion-dollar deals, and he advised the CEOs of companies on how to help their businesses grow, thrive, and create jobs,” his website says. Citi’s Ray McGuire Makes Pitch for New York Mayor. Some of the discussions with political strategists, a person noted, have been linked to Keith Wright, the chair of the New York County Democratic Committee. (Bloomberg) -- Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. About I have managed transactions larger than the City budget, and I’ve done that for longer than anybody in the history of corporate America,” McGuire said confidently. Author of the article: Bloomberg News . Adams, the Brooklyn borough president, who is also considering getting into the mayoral race, also signed the letter. © 2021 CNBC LLC. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Eric Adams, the Brooklyn borough president, and Ray McGuire, a former Citi executive, have become fast rivals in the New York City mayoral race. Max Abelson, Jennifer Surane and Fola Akinnibi . Citigroup Vice Chairman Raymond J. McGuire on October 10, 2019 in New York City. His mother was a social worker, and his grandparents helped to rear him and his two brothers. De Blasio has come under fire while he wraps up his second term as mayor of New York, including on the handling of protests that have rocked the city. McGuire said he has managed businesses and budgets globally, but none of the other mayoral candidates have done it. He remarked that he is not a game show host or a stop-and-frisk cop. After laying out what CNBC learned about McGuire, his Citi spokeswoman did not deny it and declined to comment further. McGuire, then vice chairman of Citigroup Inc., said he was thinking of joining the race to become New York’s next mayor. Phillips uncorked a 2010 … During a morning Instagram Live interview conducted by journalist Molly Jong-Fast, Ray McGuire said he is running for mayor of New York City because he loves the place. McGuire specifically mentioned coming to New York with a great education, no money, and a lot of debt. Protests over police brutality continue despite curfews in many U.S. cities. McGuire's allies in the business community push his professional achievements whenever CNBC has recently asked about what they think of McGuire possibly running for mayor. Breaking News. His press team confirmed that last October, he left his previous position as vice president for Citi to run for mayor. (Bloomberg) — Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. Masthead, ← 5 Black Business Mavens to Celebrate And Close Out Women’s History Month, ← PepsiCo Announces $40 Million Community College Program to Support 4,000 Black and Hispanic Students, Elevate Black Podcast sponsored by Fifth Third Bank, Commitment Counts Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, 5 Black Business Mavens to Celebrate And Close Out Women’s History Month, PepsiCo Announces $40 Million Community College Program to Support 4,000 Black and Hispanic Students. He has a bright future ahead." The mayor has often sided with the New York Police Department that has been accused by progressive leaders of acting, in some cases, too violently against the protesters. Black Men XCEL He feels equipped to tackle these tasks and more, since he has already achieved specific accomplishments, such as having a track record of succeeding in budget management. McGuire, Sorkin wrote, hopes to play a major role in improving Citi-group's status as a provider of sound investment advice. After earning degrees in law and business at the same time, he went to New York for a job on Wall Street. At the time, McGuire's press representative said "talk about him considering a run for mayor of New York City is pure speculation.". Go big, meaning that we’ll focus on the infrastructure, fractured bridges, sewage mains, deeply affordable housing, broadband, making certain that this City does better than it’s ever done, and get people back to work,” McGuire said to Jong-Fast, “Small businesses—giving 50,000 small businesses relief, taking care of half their wages for one year, negotiating their retention of New York City’s sales tax receipts for one year. Related Articles. Phillips uncorked a 2010 Napa Valley Reserve cabernet. New York City mayoral candidate Ray McGuire took aim Monday at frontrunner rival Andrew Yang, saying he’s “never run anything, other than his mouth.” In … We want to hear from you. The husband and father of three describes New York City as being ‘great to him.’. Top investment banker says New York needs a moneyman as mayor, but voters aren’t buying. McGuire also mentioned investing in things such as technology, women, and minority-owned enterprises. “My plan is what I’m calling here is the greatest, most inclusive economic comeback in the history of New York City. He insisted, though, that it's going to be difficult for anyone new to the New York political scene to create a movement needed to win. It Won’t Be Easy. Citi's Vice Chairman Ray McGuire to step down . October 16, 2020. I have not set up any meetings for him at all. Sign up for free newsletters and get more CNBC delivered to your inbox. All of these moves suggest that McGuire, at least unofficially, has been pushing forward with exploring a run for mayor and he's gone much further than just discussing the idea among friends, as CNBC first reported earlier this year. “New York needs a leader in who they can trust, and whom they can believe, who has a track record of actually leading,” McGuire said, during the Instagram interview. As of earlier this week, these people familiar with the matter noted that McGuire had yet to officially make a decision on whether he would run. Get this delivered to your inbox, and more info about our products and services. “Over the last 36 years, Ray has led businesses responsible for generating $20+ billion a year in revenue supporting public and private sector clients around the world. He said he did not know his father. Your Money, Your Life, LATEST LISTS Zion Williamson: Prop Bets Vs. Timberwolves For May. He has held court with several high-profile political strategists recently, and at least one city political power player seems to be working the phones on his behalf. Though he's never run for political office, McGuire has been a donor to Democrats, including a recent stint on Sen. Kamala Harris' presidential finance committee. He worked at Merrill Lynch and Morgan Stanley before rising to his perch at Citi… Point72 Asset Management increased stake in Tricida, Inc. By Investing.com - Apr 02, 2021. Hank Sheinkopf, a strategist whose previous clients include former President Bill Clinton and former New York Mayor Mike Bloomberg, met with McGuire before the state locked down due to the coronavirus pandemic. Wright, after publication, denied that he was organizing meetings for McGuire but noted he's known him for 40 years. Want this delivered to your inbox every day? They believe the city will looking for a mayor with a strong track record of experience and leadership, especially as it recovers from the economic devastation from the spread of Covid-19. A few Democratic Party advisors have told McGuire that he has a chance of winning the race next year if he can demonstrate how he has been a leader on Wall Street. A group of leading black executives are behind the push to put Wall Street veteran Ray McGuire in City Hall, sources tell The Post. Ray McGuire makes his pitch. It Won't Be Easy . He is now a supporter of apparent Democratic nominee Joe Biden. Max Abelson, Jennifer Surane and Fola Akinnibi, Bloomberg News. Could he be a level of calm while we're in the middle of the storm? The veteran deal-maker Ray McGuire introduced Thursday that he was stepping down as Citigroup’s vice chairman to affix the crowded race for New York City mayor. In sixth grade, he wants to expose youth to career opportunities. They notably do not rule out him getting into the race. All Rights Reserved. McGuire, who lives in New York City, is a … Please join Crystal McGuire, Tonya Lewis Lee, Lu-Shawn Thompson, and others for a Black Women for Ray virtual conversation, in support of Ray McGuire. "Do I think that he's up to the task? The city is expected to start their phase one reopening plan on Monday. Publishing date: Mar 18, 2021 • March 18, 2021 • 12 minute read • Join the conversation . The veteran deal-maker Ray McGuire introduced Thursday that he was stepping down as Citigroup’s vice chairman to hitch the crowded race for New York City mayor. Bloomberg - Max Abelson • 31d. Citi's leadership team comprises our Executive Management Team and Board of Directors. McGuire is fully invested in the mayoral campaign. De Blasio has been slammed by critics for reacting too late in shutting down the city, including schools. McGuire, one of the most prominent black executives in finance, is vice chairman of Citigroup and chairman of its banking, capital markets and advisory business. McGuire in Central Park. Raymond J. McGuire (born January 23, 1957) is an American businessman and political candidate who worked as an executive at Citigroup. “I have negotiated transactions—the last of which was $108 million. Citigroup can pay New York mayoral candidate former chief govt Ray McGuire $ 5.7 million over the subsequent a number of years; A nationwide trauma can provide Romania its first Oscar; Kamala Harris praises Biden – claims he has “a rare quantity of braveness” Renaming colleges to take care of racist historical past is a transformative act McGuire also mentioned wanting to have a culture of respect and accountability, when it comes to police reform, and also holding the chain of command accountable. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. "I have known Mr. McGuire for 40 years. Photographer: Jose A. Alvarado Jr./Bloomberg , Bloomberg (Bloomberg) -- Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. The answer is he can make the case. Women of Power Summit EVENTS He has been speaking with senior New York political advisors about a possible run for the city's highest office, according to people familiar with the matter. Article content (Bloomberg) — Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. Dinkins eventually went on to be mayor of New York in the early 1990s. Registry of Corporate Directors. Ray McGuire makes his pitch. Privacy Policy It Won’t Be Easy. He has held court with several high profile political strategists recently, and and at least one city political power player is working the phones on his behalf. Got a confidential news tip? While he declined to comment on whether he's met with McGuire, Sheinkopf did tell CNBC that he believes the Citi executive could stand a chance, particularly if Mayor Bill de Blasio leaves the city in financial distress after his term ends in the wake of the coronavirus pandemic and ongoing citywide protests. McGuire stated that budgets he handled had been more than state ones, while he was navigating to manage them out of the depths of the financial crisis. Sign up right here. The veteran deal-maker Ray McGuire announced Thursday that he was stepping down as Citigroup’s vice chairman to join the crowded race for New York City mayor. It was September 2019, and seated around a table at the Manhattan home of ViacomCBS Inc. board member Charles Phillips was a small group of Black executives who had made it to the top of … Data is a real-time snapshot *Data is delayed at least 15 minutes. In addition, I am not supporting any mayoral candidate at this time," Wright said. "Ray McGuire is an outstanding professional with a sterling record of achievement," Vernon Jordan, a senior managing director at asset management firm Lazard, said in an email. Attend the online discussion of McGuire’s comeback plan for New York City, and its potential impact on Black Women. (Bloomberg) -- Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. Since March, the state of New York has seen more than 2 million unemployment claims. The plan is outlined in detail on my website.”. Former Citi supervisor Ray McGuire depends on shut enterprise relationships to boost large bucks for the NYC mayoral run. The mayoral candidate said that he wants to guarantee that every child in New York City can read, by the end of third grade. B.E. Ray McGuire Wants to Swap Citi for City Hall. On his mayoral campaign website, it states that McGuire enrolled in a four-year JD/MBA program at Harvard. McGuire stressed the importance of actually getting things done. A Division of NBCUniversal. McGuire, one of the most prominent black executives in finance, is vice chairman of Citigroup and chairman of its banking, capital markets and advisory business. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. After months of speculation, Ray McGuire, a vice chairman at banking giant Citigroup, announced he’d be stepping down in order to prepare a run for New York City mayor in the June 2021 Democratic primary. Others that are reportedly possible contenders for mayor include City Council Speaker Corey Johnson, Comptroller Scott Stringer and Brooklyn Borough President Eric Adams. McGuire himself has sided with police in the past, co-signing an open letter last year with almost two dozen other black leaders that defended the NYPD after some officers were verbally attacked and doused with water. In October 2020, McGuire announced his candidacy in the 2021 New York City mayoral election. Entrepreneurs Summit When it comes to the mayoral candidate’s early life, McGuire was raised in Dayton, Ohio. Add a Comment. "His academic achievements are inspiring for young people and the integrity and character Ray demonstrates in his professional endeavors are exemplary for his peers and mentors. ABOUT It was September 2019, and … It was September 2019, and … Ray McGuire Wants to Swap Citi for City Hall. BE 100s Management “They need to become financially literate and digitally literate, and by the time they get to the eighth grade, I want them to have summer jobs,” McQuire stated in the interview, also mentioning his ‘Cradle to Career’ concept. The outrage across the country on racial injustices and police abuse, came after the death of George Floyd, a black, unarmed man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes. Jordan, who is also black, is a longtime business and political power broker, and he has strong ties to the Clinton family. Sales Partnership Solutions Ray McGuire and his New York allies used their deep-pocket fundraising networks to raise over $ 5 million for the former Citigroup executive’s mayoral campaign. INFORMATION Ray McGuire makes his pitch. The answer is he could be.". He … It's hard to create a political organization in New York City, nobody knows what the future looks like," Sheinkopf said. 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