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Media News
for The Wall Street Journal: Ray McGuire Says New York City Doesn't Need a Politician as Mayor
josé a. alvarado jr.
Jun 15, 2021
Location: South Bronx
When Ray McGuire resigned as vice chairman at Citigroup Inc. last fall, he left as the first Black man to hold the post in the company’s history and as one of the most successful dealmakers in the banking industry.

He worked on such mergers as AT&T Inc.’s acquisition of Time Warner Inc. for more than $80 billion and advised some of the biggest companies, including Colgate-Palmolive Co. and ConocoPhillips.      
But after four decades on Wall Street, Mr. McGuire, 64 years old, decided to pursue a career in politics after seeing what he felt was New York City unraveling during 2020.

The Covid-19 pandemic had ravaged the city’s hospital system, and communities of color were the hardest hit by the virus. Meanwhile, the May 25, 2020, killing of            

George Floyd, a Black man, by a Minneapolis police officer had spurred large-scale protests in New York City and around the country.

Mr. McGuire said he was frustrated that local elected officials weren’t doing enough. With the support of the business community, he officially joined the crowded field of Democratic contenders in the mayoral race in December, embracing the role of outsider and vowing to end the status quo in the city.

Photographed for The Wall Street Journal with words by Katie Honan.

Ray McGuire Says New York City Doesn’t Need a Politician as Mayor
The former Citigroup vice chairman has embraced the role of outsider in the crowded Democratic primary to be the party’s mayoral candidate.


José A. Alvarado Jr. is a visual storyteller devoted to documenting cultural and social issues, as well as human interest stories in the US and Puerto Rico.
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