Citi’s Vice Chairman Ray McGuire to step down

© Reuters. The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto

(Reuters) – Citigroup Inc (N:) Vice Chairman Ray McGuire will leave the bank after 15 years in various roles to pursue his “lifelong passion for public service”, according to a memo seen by Reuters on Thursday.

McGuire, who was also most recently Citi’s chairman of banking, capital markets and advisery, has decided to run for mayor of New York, the New York Times reported earlier in the day.

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