Ray McGuire
Photographer: Jose A. Alvarado Jr./Bloomberg
Politics
Ray McGuire Wants to Swap Citi for City Hall. It Won’t Be Easy
Top investment banker says New York needs a moneyman as mayor, but voters aren’t buying.
Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends.
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 corporate America. McGuire, then vice chairman of Citigroup Inc., said he was thinking of joining the race to become New York’s next mayor.