Mamdani Recruits 15 Executives for Business Council as Wall Street Ties Remain Strained
Updated
Updated · The New York Times · Aug 26
Mamdani Recruits 15 Executives for Business Council as Wall Street Ties Remain Strained
3 articles · Updated · The New York Times · Aug 26
Summary
Fifteen executives from Wall Street, real estate and health care have agreed to join Mayor Zohran Mamdani’s new business advisory council, with a formal announcement expected as early as Thursday.
The council is meant to advise Mamdani on reviving New York City’s economy as job growth stays weak and the administration faces budget constraints.
Scott Rechler of RXR, Chobani CEO Hamdi Ulukaya, investor Kevin Ryan and Amalgamated Bank CEO Priscilla Sims Brown are among the members, alongside former Wall Street leaders Robert Wolf, Antonio Weiss and Tony James.
Major finance and tech employers including JPMorgan Chase, Citigroup, American Express, BlackRock, Meta and Alphabet are absent, even as health care — a key source of city job growth — is heavily represented.
The lineup gives Mamdani backing from more than a dozen business figures, but it also underscores his still-fragile relationship with Wall Street amid concerns over his democratic socialist agenda.