Business

Top Black Citicorp Executive With High-Powered Allies To Leave Bank To Run For Mayor Of New York City


A top Black senior executive at Citigroup ( C ), with some well known supporters, is planning to ditch his job to run for mayor of New York City as a Democrat.


McGuire’s campaign will be co-chaired by Valerie Jarrett, the former close adviser to President Barack Obama, CNBC reported.


McGuire said he was particularly affected by the death of George Floyd, the unarmed black man who was killed by a white policeman in Minneapolis earlier this year.


McGuire recently wrote a preface to a report issued by Citi titled, “Closing the Racial Inequality Gaps.”


Phillips told CNBC that New York City faces its biggest “economic challenge in decades and we need to execute with purpose and efficiency.


McGuire has also called for better healthcare and reform of the education systems in low-income and minority neighborhoods, Bloomberg reported.






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