Citigroup's Ray McGuire appears to be moving closer to running for mayor of New York.He has held court with several high profile political strategis
Citigroup’s Ray McGuire appears to be moving closer to running for mayor of New York.
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.
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. 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.
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.
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 city wide protests. He insisted, though,…