Raymond McGuire

McGuire was born in Dayton, Ohio, and raised there by his mother and grandparents. Through scholarships, he attended the Hotchkiss School in Lakeville, Connecticut.

He 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 and a Juris Doctor from Harvard Law School.

Early Wall Street career

McGuire began working in finance in 1984 at First Boston. He was next one of the original members of the investment bank Wasserstein Perella & Co., and then was managing director in the mergers and acquisitions group at Merrill Lynch. He subsequently spent several years as global co-head of mergers and acquisitions at Morgan Stanley.

Citigroup

McGuire moved to Citigroup in 2005, where he initially worked as the global co-head of investment banking. In 2009, he became sole head of global banking; by 2012, this title had changed to global head of corporate and investment banking. In all, McGuire spent 13 years as global head of Citigroup's corporate and investment banking.

In 2018 he became vice chairman of Citigroup, and chairman of Citigroup's banking, capital markets and advisory business. During his tenure at Citigroup, McGuire served as business advisor for a number of major deals, including AT&T's acquisition of Time Warner, the Time Warner Cable split, Wyeth's sale to Pfizer, ConocoPhillips' acquisition of Burlington Resources, Koch Industries' acquisition of Georgia-Pacific, the sale of Electronic Data Systems to Hewlett-Packard, and UST Inc.'s sale to Altria.

Prior to announcing his candidacy for mayor in late 2020, McGuire was one of the highest-ranking and longest-serving African American business executives on Wall Street. He was a bundler to Barack Obama's 2008 presidential campaign, and was mentioned as a possible candidate for a position in the U.S. Department of the Treasury in 2013. In 2018 he was named as a candidate to serve as the president of the Federal Reserve Bank of New York, but the job went to John C. Williams.

McGuire is married to Crystal McCrary McGuire, a television producer and novelist. He has one child with his wife, plus two step-children from her previous marriage to Greg Anthony, including Cole Anthony, a National Basketball Association (NBA) player for the Orlando Magic.