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Out of Office: Ray McGuire on His Path to Wall Street & Running For NYC Mayor

Last Updated: April 26, 2023

Ray McGuire, former Vice Chairman of Citigroup, is a trailblazing African-American Investment Banker who’s currently running as a democratic candidate for mayor of New York City.

As an advisor to global corporations and boards, McGuire has worked on an estimated $600 billion in total deals, including Time Warner’s $108 billion merger with AT&T in 2018. Though McGuire grew up in a single-parent household in Dayton, Ohio, his smarts, work ethic, and vision for his future landed him at Harvard, where he earned multiple degrees. But last year, McGuire, a committed philanthropist, stepped down from his position at Citigroup to enter the brutal arena of New York City politics. 

His campaign has emphasized his unique qualifications to lead the city at this critical time: “New York is in a financial crisis that has exploded into a whole bunch of crises — educational, health and criminal justice. If there is a moment in history where my skill set can help lead, this is it.”

In this episode of “Boardroom: Out of Office,” McGuire shares with Rich and Gianni his four Ps for success: “prayer, preparation, performance and paranoia”; how he navigated his path as a trailblazing African American banker in the ‘80s and ‘90s on Wall Street; his pride in his happily-blended family, including stepson Cole Anthony, rookie point guard for the Orlando Magic; and his vision for leading New York City into a brighter future.