Vice Chairman, Citigroup
Tuesday, June 23, 2020
Moderator:
Marie-Josée Kravis
Chair, The Economic Club of New York
Senior Fellow, The Hudson Institute
Raymond J. McGuire is the Vice Chairman of Citigroup and Chairman of Citi’s Banking, Capital Markets and Advisory (BCMA) business. He is based in New York. Mr. McGuire is a member of the Institutional Clients Group Executive Committee and the Institutional Clients Group Business Practices Committee and is a Board Member of Citigroup Global Markets Inc. Prior to his current roles, Mr. McGuire had a 13-year tenure as Citi's Global Head of Corporate and Investment Banking (CIB) whose clients generate over $20 billion of global revenue annually. He has advised on numerous transactions valued at well over $600 billion, including advising Time Warner on its $108 billion transaction with AT&T (the fifth largest M&A transaction of all time) and in its separation of Time Warner Cable ($45.0 billion). In addition, he has represented Wyeth in its sale to Pfizer ($68 billion) and its takeover defense ($95 billion); Colgate’s acquisition of Sanex, Conoco Phillips Co.'s ($36.0 billion) acquisition of Burlington Resources; Koch Industries' ($21.0 billion) acquisition of Georgia Pacific; EDS in its sale to Hewlett Packard ($13.0 billion); SABIC's ($12.0 billion) acquisition of GE Plastics, and UST in its sale to Altria ($12.0 billion).
Prior to joining Citi, Mr. McGuire was the Global Co-Head of Mergers and Acquisitions at Morgan Stanley; Managing Director in the Mergers and Acquisitions Group of Merrill Lynch & Co., Inc.; and one of the original members of Wasserstein Perella & Co., Inc. where he became a Partner/Managing Director in 1991. He started his career in 1984 in the Mergers and Acquisitions Group of The First Boston Corporation. Presently, Mr. McGuire serves as a Board member of several boards including: the American Museum of Natural History, the Citi Foundation, the De La Salle Academy (Chairman Emeritus), the, Greentree Foundation, the Hotchkiss School (Vice President), the New York City Police Foundation, the New York-Presbyterian Hospital, the New York Public Library (Executive Committee and Co-Chairman Nominating Committee), the Studio Museum in Harlem (Chairman), the Terra Foundation for American Art, Think450 (NBA Players Association) and the Whitney Museum of American Art (Executive Committee). Mr. McGuire is also a member of the Cultural Affairs Advisory Commission for the New York City Department of Cultural Affairs. In the past, he has served on the boards of the Alex Hillman Family Foundation, the Carnegie Endowment for International Peace, FAPE (Foundation for Art and Preservation in Embassies), the Harvard Club of New York, the Howard Gilman Foundation, the International Center of Photography (President), the Joseph & Claire Flom Foundation, Lincoln Center and the San Remo Tenants' Corporation (President). Formerly, he was a Director of the Wyeth Corporation (Nominating and Governance Committee). He has also served on various Visiting Committees at Harvard University, as well as the Overseers/Directors Nominating Committee.
Mr. McGuire has received numerous honors and distinctions including the Theodore Roosevelt Award from the Legal Aid Society, the John C. Whitehead Social Enterprise Award from the Harvard Business School Club NY, the Public Service Award from Big Brothers, Big Sisters, the Trailblazer Award from the MBBA, the Humanitarian Leadership Award from CUP (Council of Urban Professionals) and the Frederick Douglas Award from the New York Urban League. He was also recognized by New York's Avenue Magazine as one of New York's "50 Smartest" and by Crain's as one of the "Most Connected New Yorkers". ARTnews includes Mr. McGuire as part of its list of global, "Top 200 Collectors". He was inducted by Morehouse College as one of the inaugural members of the Martin Luther King, Jr. International Board of Renaissance Leaders. He was also featured in Black Enterprise Magazine as one of the "100 Most Powerful Executives in Corporate America" and on the cover of Black Enterprise Magazine as one of the most powerful Blacks on Wall Street.
Mr. McGuire has been honored by Americans for the Arts, the Art for Life Foundation, the Children's Museum of Manhattan, the Legal Action Center, the Make-A-Wish Foundation, National Action Network, the National Urban Technology Center, New York Needs You and ProScholars Athletics. He has served as Corporate Chair for the 2016 Howard University Charter Day. Pratt Institute honored him as its inaugural distinguished "Patron of the Arts". He was also the recipient of the President’s Award by the National Urban League. Mr. McGuire has been honored with Harvard Business School's African-American Student Union's Professional Achievement Award, has presented at Harvard Law School's Traphagen Distinguished Alumni Speaker Series and emceed the first Harvard College Black Alumni Weekend.
He received his M.B.A. and J.D. from Harvard Business School and Harvard Law School (1984), and an A.B., cum laude, from Harvard College (1979). He also attended the University of Nice, France while on a Rotary Fellowship (1980). He has had legal experience at the law firms of Skadden, Arps, Slate, Meagher & Flom as well as Patterson, Belknap, Webb & Tyler. He received a L.H.D. from Pratt Institute (2011) and a L.H.D from Dominican College (2017).
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