Citigroup government Ray McGuire seeks Wall Avenue assist for seemingly NYC mayoral run
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McGuire, in accordance with these folks, has had lunches and dinners with executives who’ve ties to the banking, hedge fund and personal fairness industries. A lot of them have recognized the Citi vice chairman for years.
The conversations have, not less than partly, centered on McGuire trying towards doubtlessly operating for mayor and whether or not these executives will contribute to what would certainly be an costly marketing campaign, these folks added. They declined to be named because the conversations had been deemed personal.
McGuire, who can also be chairman of Citi’s banking, capital markets and advisory enterprise, has not publicly confirmed whether or not he’s planning to get into the race. A Citi spokeswoman mentioned he wouldn’t remark for this story.
A number of the folks with data of the conferences mentioned that McGuire has indicated to his associates on Wall Avenue that he’s going to run for mayor. They’ve, in flip, mentioned he’ll obtain their monetary assist. Nevertheless, there are others in New York’s finance world who aren’t as satisfied that he ought to get into the race and have signaled to him that he does not have the identify recognition or the expertise to drag off a victory in 2021.
McGuire has met with New York Democratic strategists about probably getting right into a race for an workplace that has been held by Invoice de Blasio. He reportedly is being suggested by Joel Klein, New York Metropolis colleges chancellor underneath former mayor Mike Bloomberg, and Klein’s spouse, Nicole Seligman.
McGuire, a reasonable Democrat, has been vocal on key points relating to policing and the Black group.
After the dying of George Floyd by the hands of Minneapolis law enforcement officials, McGuire instructed CNBC that the killing was “cold-blooded homicide” and known as on company leaders to take the required steps to fight racism.
He just lately authored a preface to a Citi report titled “Closing the Racial Inequality Gaps.” Within the introduction, the banking government displays on how he is seen as a Black man.
“But even at present, with all these credentials and as one of many main executives on Wall Avenue, I’m nonetheless seen first as a six-foot-four, two-hundred-pound Black man wherever I’m going — even in my very own neighborhood. I may have been George Floyd,” he writes.