Mamdani Wants to Form Business Panel With Ex-Lazard, UBS Bankers
Mayor Zohran Mamdani's administration is seeking to form a new advisory council consisting of prominent business leaders from the finance, real estate, and technology sectors. This initiative aims to gather insights and recommendations to enhance the city's economic strategies. Notable figures being approached include a former top executive from UBS and past leaders from Lazard and Bank of America. This effort comes amidst ongoing developments in NYC, including the recently approved $125.8 billion budget, potential Pied-à-Terre tax changes, record tax revenues from Wall Street profits, a rent freeze benefiting tenants, and the rollout of free childcare services.
Mayor Zohran Mamdani’s administration is asking a former top executive for UBS Group AG in the US, an ex-global head of investment banking at Lazard Inc. and Bank of America Corp.’s New York City president to be among the business leaders joining his administration’s advisory council.
The group would provide advice and feedback from key industries including real estate, finance and technology, according to people familiar with the matter, who asked not to be named discussing early-stage conversations.
