Trailblazing Finance Professional Looking to Prevent a 3rd de Blasio Term

January 12, 2021

New York, NY… Sara Tirschwell announced today that she has filed with the New York City Campaign Finance Board and is running for Mayor of New York City. A trailblazer, Sara spent almost 30 years as one of the few leading women in distressed finance while raising two daughters as a single mom. Tirschwell is running to prevent a 3rd de Blasio term, which many of the potential candidates for Mayor represent, and released the following statement:


“New Yorkers cannot afford a 3rd de Blasio term, plain and simple. I am uniquely prepared to lead New York City out of crisis and will be a refreshing antidote to the incompetence that got us here.


“I came here as a young woman from Texas seeking opportunity after a childhood full of loss and I will be damned if I am going to lose the city I love too.


“I’ve overcome many challenges in my life, including becoming a successful woman in finance. But my struggle pales in comparison to the struggles many New Yorkers face today.


“We see it in our communities, where poor planning, heavy-handed regulation and decades of neglect has led to blighted, segregated neighborhoods and unaffordable costs of living. We feel it when there is not enough money for critical services and our children receive below average education. We experience it when our Mayor and Governor are so incompetent that COVID-19 vaccines are literally being flushed down the toilet.


“I am running for Mayor to make it safer and easier to live in New York. The city that gave me so much is at risk of lasting damage. It is time for competent leadership not beholden to special interests. It is time to take this city of opportunity and promise back from the political insiders and run it for the people who live here. It is time for serious people to step up and level the playing field.”




Sara’s story is a classic New York tale of grit, determination, and a search for more.


Sara grew up in Corpus Christi, the daughter of an Army dentist. Her mother committed suicide when she was three years old, and her stepmother died of multiple myeloma when she was 14. Loreen Anderson became the mother of Sara’s heart, until this past Valentine’s Day, when she was killed in a fire. Sara persevered, graduated from Rice University with a degree in Economics, and got her first job in banking during the 1987 financial crisis.


In 1989, Sara moved to New York City to begin her career in distressed finance. She became one of the first loan traders on Wall Street. Professionally, Sara was breaking glass ceilings… but personally, adversity struck again with the death of her first husband from alcoholism, the end of her second marriage, and the suicide of her best friend. But she persevered again.


Sara is a trailblazer. She spent almost 30 years as one of the few leading women in distressed finance and restructuring, the best part of which was at Davidson Kempner Capital Management. She has worked as a portfolio manager, a partner in a start-up hedge fund, and a longtime analyst and investor in troubled companies and countries. Most importantly, she raised two daughters as a single mom.


In 2017, Sara spoke up about sexual discrimination. Called “Wall Street’s first #MeToo case,” – Sara bravely spoke out about her experience, and continues to advocate for women in the male-dominated culture of high finance. Today, Sara continues to work as an investor and restructuring advisor, and as the CFO of Foundation House, a provider of addiction treatment services that was founded in the aftermath of 9/11 to honor victim Peter Kellerman’s life.


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