Citadel's Griffin says to meet with governor of New York on direction of city

• Citadel has publicly objected to NYC Mayor Mamdani using Griffin's name to promote a tax on non-resident property owners in New York City
• Griffin questioned whether New York will 'put their fiscal house in order' and operate as a pro-business government
• When asked about running for office himself, Griffin responded that 'no one would vote for me'

Summary

Key Development:

Ken Griffin, founder and CEO of Citadel, announced he will meet with New York Governor Kathy Hochul on Thursday, April 30, 2026, to discuss the "future direction" of New York state and city.

Background Context:

The meeting comes amid tension between Miami-based Citadel and New York City Mayor Zohran Mamdani, who has attempted to use Griffin's name in advocating for a tax on out-of-state individuals who own New York City residences. Citadel has objected to this proposal.

Griffin's Position:

Speaking at a Norges Bank Investment Management conference in London on Tuesday, Griffin questioned whether New York would "put their fiscal house in order" and operate from a "pro-business" stance. He criticized what he perceives as socialist policies, asking rhetorically, "Why do Americans think we can do socialism?"

Political Implications:

When asked if he would consider running for political office, Griffin declined, stating "No one would vote for me."

Market Context:

The meeting highlights ongoing concerns about New York's business climate and tax policies, which have driven some financial firms to relocate to more business-friendly jurisdictions like Miami, where Citadel is now based. Griffin's comments reflect broader debates about fiscal policy, taxation, and the competitiveness of major U.S. financial centers.

The development is significant for investors monitoring regulatory and tax environments affecting major hedge funds and market-making operations, as well as New York's ability to retain financial services businesses.