The plan is outlined in detail on my website.”. 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. 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. October 16, 2020. Could he be a level of calm while we're in the middle of the storm? 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. McGuire specifically mentioned coming to New York with a great education, no money, and a lot of debt. Want this delivered to your inbox every day? "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. Emergency social services, summer jobs, giving affordable childcare, student debt, and education were other key discussion topics. Get this delivered to your inbox, and more info about our products and services. Citi's leadership team comprises our Executive Management Team and Board of Directors. McGuire in Central Park. Point72 Asset Management increased stake in Tricida, Inc. By Investing.com - Apr 02, 2021. “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. Registry of Corporate Directors. A group of leading black executives are behind the push to put Wall Street veteran Ray McGuire in City Hall, sources tell The Post. The answer is he can make the case. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. 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. 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. SistersInc. It's hard to create a political organization in New York City, nobody knows what the future looks like," Sheinkopf said. Privacy Policy He said he did not know his father. 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. 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. 0 3 4 minutes read. Others that are reportedly possible contenders for mayor include City Council Speaker Corey Johnson, Comptroller Scott Stringer and Brooklyn Borough President Eric Adams. BE 100s The people describing McGuire's ongoing decision process declined to be named as they have all been made in private. Breaking News. 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. 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. McGuire, who is Black, is a veteran financial executive but … B.E. 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. 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. 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. 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. "Do I think that he's up to the task? McGuire stressed the importance of actually getting things done. On his mayoral campaign website, it states that McGuire enrolled in a four-year JD/MBA program at Harvard. 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. Contact 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. Women of Power TECH, PODCASTS "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. Sign up right here. 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. 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. yahoo.com - (Bloomberg) -- Ray McGuire, one of the most successful Black bankers on Wall Street, had something to tell his friends. The mayoral candidate said that he wants to guarantee that every child in New York City can read, by the end of third grade. “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. 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. He has a bright future ahead." Eric Adams, the Brooklyn borough president, and Ray McGuire, a former Citi executive, have become fast rivals in the New York City mayoral race. INFORMATION 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. He remarked that he is not a game show host or a stop-and-frisk cop. Author of the article: Bloomberg News . We want to hear from you. Management 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. 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. 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