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Top Citi Banker Ray McGuire Leaves to Pursue NYC Mayoral Run

  • McGuire will open an account with Campaign Finance Board
  • NYC ‘is a big, complex business that is failing,’ he says
Ray McGuire
Ray McGuirePhotographer: Patrick T. Fallon/Bloomberg
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Ray McGuire, one of Citigroup Inc.’s top investment bankers, is leaving the firm as he takes the first steps toward a run for mayor of New York.

McGuire on Thursday will open an account with the city’s Campaign Finance Board, said Lupe Todd-Medina, a spokeswoman for his campaign. That step will give him the ability to raise funds from donors and hire more staff as he seeks the Democratic nomination, Todd-Medina said. Former Infor Chief Executive Officer Charles Phillips is helping run the campaign.