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#Wall Street mogul Raymond McGuire preparing NYC mayoral bid

#Wall Street mogul Raymond McGuire preparing NYC mayoral bid

July 21, 2020 | 2:02pm | Updated July 21, 2020 | 2:14pm

A Wall Street power player is quietly laying the groundwork for a campaign to become New York City’s second African American mayor, sources told The Post.

Citigroup vice chairman Raymond McGuire has hired Jerry Goldfeder — an election attorney and New York political insider who has worked for Andrew Cuomo, Hillary Clinton, Barack Obama and numerous elected local officials — to start laying the foundations for a mayoral bid, sources said.

Goldfeder confirmed he had been hired by McGuire, declining to comment further. McGuire, who is expected to run as a Democrat, couldn’t immediately be reached for comment Tuesday.

“Hiring Jerry is a signal,” said one Wall Street source with knowledge of City Hall. “Ray has been flirting with this for a while, and I’ve spoken to him about it, but this looks like he’s moving forward.”

The 63-year-old, Harvard-educated banker also has begun conversations with financiers and city politicos, asking for advice on how to run a campaign. A second source said McGuire was in talks to hire Andrew Sullivan as a support strategist, and that he is “definitely moving forward” with a campaign bid.

Sullivan was former City Councilman Dan Garodnick’s chief of staff and helped get LaToya Cantrell elected mayor of New Orleans in 2017.

“I think that his business management skills are definitely an asset right now for the city,” said Kathryn Wylde, president of the Partnership for New York City, a leading business industry group. “He’s a very smart and well-respected guy.”

Last month, McGuire was interviewed by the Economic Club of New York in a conversation focused on racial inequality on Wall Street. A week later, he told Vanity Fair that he, as a black man in America, “could easily be George Floyd.”

But some on Wall Street are skeptical where McGuire will find his voters.

“He has no real base,” said one financier with a background in city politics. “I don’t know where a centrist who doesn’t hold political office, and never has, fits into the Democratic field.”

Another local political insider put it more bluntly, musing, “If he thinks the answer to the city’s problems is a black Bloomberg with no local government experience, good luck to him.”

Raised by a single mother in Dayton, Ohio, McGuire received a full academic scholarship to attend Hotchkiss, a tony boarding school in Lakeville, Conn. After attending Harvard College, he went on to earn a JD and MBA from Harvard’s law and business schools.

What followed was a high-profile career in the dealmaking side of investment banking. McGuire has held senior positions at Merrill Lynch, Morgan Stanley and now Citigroup, where he is the global head of corporate and investment banking and vice chairman of the $1.9 trillion financial services giant.

Officials at Citigroup didn’t immediately respond to requests for comment Tuesday.

If McGuire makes his candidacy official, he’ll enter a crowded race of mayoral hopefuls. On the Democratic line, there are three front-runners: City Council Speaker Corey Johnson, city Comptroller Scott Stringer and Brooklyn Borough President Eric Adams. Lesser-known Democrats include former Veterans Services Commissioner Loree Sutton and Bronx nonprofit executive Dianne Morales.

There are also several Republicans vying to take over City Hall, from Guardian Angels founder Curtis Sliwa to Sara Tirschwell, CFO of the mental health nonprofit Foundation House. Billionaire grocery mogul John Catsimatidis is also mulling another mayoral run.

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