Ray McGuire
Former Global Head of Corporate and Investment Banking at Citi
“Don't ever let anybody's expectations for you be higher than the expectations you have for yourself. Make sure that the standards of excellence that you've set are unassailable, across any metrics, against the highest scrutiny.”
Summary
On this episode of Leadership Matters, the Ray McGuire talks about how leaders can find ways to transform, rather than simply transact.
While he has had monumental accolades and successes -- including being the longest standing head of investment banking in the history of Wall Street -- he opens up to say that nothing has been more uplifting during his career than watching a mentee gain recognition.
In this wide-ranging conversation with host Alan Fleischmann, Ray discusses the importance of celebrating those leaders and mentors on whose shoulders we stand. He shares his belief that leaders have a duty to serve as examples for the next generation, from sharing knowledge, to participating on boards of directors, to giving back to the community.
Mentions & Resources in this Episode
Bruce Wassestein, American investment banker
Joseph Perella, American financier
Guest Bio
The former head of Citi’s Global Head of Corporate and Investment Banking, Mr. McGuire has advised on transactions valued at more than $250 Billion, including representing Time Warner in its separation of Time Warner Cable; Conoco Phillips Co.’s acquisition of Burlington Resources; Koch Industries’ acquisition of Georgia Pacific; EDS in its sale to Hewlett Packard; SABIC’s acquisition of GE Plastics, UST in its sale to Altria; and Wyeth in its sale to Pfizer.
Prior to joining Citi, Mr. McGuire was the Global Co-Head of Mergers & 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.
McGuire serves on several boards including De La Salle Academy, the Foundation for Art and Preservation in Embassies, the Alex Hillman Family Foundation, the Carnegie Endowment for International Peace, the International Center of Photography, Lincoln Center, New York-Presbyterian Hospital, The New York Public Library, the Studio Museum in Harlem, Whitney Museum of American Art, and the Citi Foundation.
He received his M.B.A. and J.D. from Harvard Business School and Harvard Law School, and an A.B., cum laude, from Harvard College. He received an L.H.D. from Pratt Institute, also attending the University of Nice, France while on a Rotary Fellowship.
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