​​​​​An completed Wall Road funding banker Ray McGuire has been named president of monetary advisory and asset administration agency Lazard Ltd.

Primarily based in New York, McGuire formally begins his new position on April 3. He will likely be a member of the agency’s senior management crew, and his duties embody additional strengthening senior consumer relationships, attracting expertise, and increasing Lazard’s attain worldwide.

McGuire’s appointment is important as Lazard operates from 43 cities throughout 26 nations in North and South America, Europe, Asia, and Australia. The agency reported property beneath administration of over $230 million as of late January 2023.

Additional, he joins a rising record of Black executives who’ve secured decision-making C-suite roles at a number of the nation’s largest public corporations in numerous industries. That’s important as massive U.S. corporations face extra stress to spice up the illustration of Blacks in such roles.

McGuire beforehand was vice chairman of Citigroup and chairman of its Banking, CapitalMarkets, and Advisory enterprise after 13 years as its international head of company and funding baking. Earlier than becoming a member of Citigroup, he was the worldwide co-Head of mergers and acquisitions at Morgan Stanley and a managing director within the mergers and acquisitions group of Merrill Lynch, per a information launch.

He started his profession in 1984 within the mergers and acquisitions group of The First Boston Corp. After that, he was among the many unique members of Wasserstein Perella & Co., being named a companion/managing director in 1991. McGuire, through the years, has suggested over $750 billion price of transactions throughout a number of industries and geographies

Lazard’s Chairman and CEO Kenneth Jacobs said, “We’re privileged to have Ray be part of us and serve in a senior management position. Ray is without doubt one of the monetary companies business’s most revered leaders and trusted advisors. He’s a famend dealmaker and devoted team-builder, who for many years has impressed colleagues, workers, CEOs, and communities world wide along with his imaginative and prescient and judgment.”

Commenting on his new position, McGuire shared with BLACK ENTERPRISE by electronic mail, “I’ve identified, admired, and revered Lazard since my days as a pupil dwelling in France within the early Eighties and all through my funding banking profession. Lazard has a 175-year historical past of management within the monetary business with a number of the most revered, trusted advisors to company, sovereign, and civic leaders and complex Institutional Traders, globally. I’m honored to affix such a storied franchise to assist to take care of that custom.”

A former New York mayoral candidate, McGuire is also a civic chief with a highly-regarded status within the philanthropic area. He has a broad file of serving on company and not-for-profit boards. They embody being a director of Hess Corp., KKR & Co., and Vornado Realty Belief. He’s additionally the chair of the Regional Plan Affiliation of New York, New Jersey, and Connecticut and the Studio Museum in Harlem.