NEW YORK, Oct. 16 (Xinhua) -- Ray McGuire, a top executive at investment bank Citigroup, is set to leave the bank and run for mayor of New York City in November 2021, local media reported on Friday.
"This city is a big, complex business that is failing right now. It needs a chief executive who has a vision, who knows how to spark growth, revive the economy, attract the best talent and get this city back to work," McGuire, vice chairman of Citigroup and chairman of banking, capital markets and advisory, was quoted by The Wall Street Journal as saying in a statement.