Raymond J. McGuire (born January 23, 1957) is an American businessman and political candidate who worked as an executive at

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

. McGuire was an unsuccessful candidate in the

2021 New York City Democratic mayoral primary The Democratic Party primary for the 2021 New York City mayoral election took place on June 22, 2021. Brooklyn Borough President Eric Adams defeated 12 other candidates, including Kathryn Garcia, Maya Wiley and Andrew Yang. Adams went on to defea ...

Early life and education

McGuire was born in Dayton, Ohio and raised by his mother and grandparents. Through scholarships, he attended the

Hotchkiss School The Hotchkiss School is a coeducational University-preparatory school#North America, preparatory school in Lakeville, Connecticut, United States. Hotchkiss is a member of the Eight Schools Association and Ten Schools Admissions Organization. It i ...

in Lakeville, Connecticut. He then graduated with a B.A. from Harvard College in 1979. McGuire attended the University of Nice in France on a Rotary Fellowship in 1980. In 1984, he received an M.B.A. from

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

and a

Juris Doctor The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice law ...

from

Harvard Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...

Career

McGuire began working in finance in 1982 at First Boston. He was one of the original members of Wasserstein Perella & Co., Inc., and worked at Merrill Lynch & Co., Inc. He spent several years at Morgan Stanley before moving to

in 2005, where he worked as the global co-head of investment banking. Prior to announcing his candidacy for mayor, McGuire was one of the highest-ranking and longest-serving African American business executives on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...

. McGuire was also named as a candidate to serve as the president of the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New ...

, but the job went to John C. Williams. During his tenure at Citigroup, McGuire has served as a business advisor for the Time Warner Cable split,

ConocoPhillips ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in ...

' acquisition of Burlington Resources, Koch Industries' acquisition of

Georgia-Pacific Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia, and is one of the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building products and r ...

, the sale of

Electronic Data Systems Electronic all cash BSN acc: 1311729000110205 Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas which was founded in 1962 by Ross Perot. The company was a subs ...

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...

, and others. An art collector, McGuire is the chairman of the

Studio Museum in Harlem The Studio Museum in Harlem is an American art museum devoted to the work of artists of African descent. The museum's galleries are currently closed in preparation for a building project that will replace the current building, located at 144 W ...

. He was a bundler to Barack Obama's presidential campaigns, and mentioned as a possible candidate for a position in the U.S. Department of the Treasury in 2013.

2021 mayoral election

In October 2020, McGuire announced he would run for

Mayor of New York City The mayor of New York City, officially Mayor of the City of New York, is head of the executive branch of the government of New York City and the chief executive of New York City. The mayor's office administers all city services, public property ...

in 2021. Valerie Jarrett was announced to serve as a co-chair of McGuire's campaign. McGuire has pledged to focus his campaign on racial unrest amid the George Floyd protests and economic recovery from the COVID-19 pandemic. Three months after beginning his campaign, McGuire had raised $5 million with notable contributions from the business community. In a May 2021 interview with '' The New York Times'', McGuire greatly underestimated the median cost of a home in Brooklyn. Nicole Gelinas, a senior fellow at the Manhattan Institute, characterized his estimate as being "out of touch with what’s going on in the city." McGuire ultimately finished in seventh place, with 2.3% of the vote.

Personal life

McGuire's wife, Crystal McCrary McGuire, is a television producer and novelist. She has three children—one with McGuire and two from a previous marriage. McGuire has two step-children, including Cole Anthony, a National Basketball Association (NBA) player for the

Orlando Magic The Orlando Magic are an American professional basketball team based in Orlando, Florida. The Magic compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Southeast Division. The franchise was establ ...

and the son of Greg Anthony.

References

Bibliography

Paterson, David David Alexander Paterson (born May 20, 1954) is an American politician and attorney who served as the 55th governor of New York, succeeding Eliot Spitzer and serving out nearly three years of Spitzer's term from March 2008 to December 2010. A ...

“'' Black, Blind, & In Charge: A Story of Visionary Leadership and Overcoming Adversity''.” New York, New York, 2020 {{DEFAULTSORT:McGuire, Raymond Living people 1957 births People from Dayton, Ohio Hotchkiss School alumni Harvard Law School alumni Harvard Business School alumni New York (state) Democrats Candidates in the 2021 United States elections Businesspeople from New York (state) African-American business executives Citigroup people 21st-century African-American politicians 21st-century American politicians 20th-century African-American people Harvard College alumni