New York City Mayor Zohran Mamdani has created a Business Advisory Council of senior executives, signalling an effort to improve relations with business leaders after a period of public tension. The move matters because Mamdani has campaigned against billionaire influence and introduced measures affecting wealthy property owners, prompting concern among parts of the city’s corporate community.

Fifteen leaders are due to meet quarterly with Mamdani and Deputy Mayor for Economic Justice Julie Su, advising City Hall on sectors including finance, technology, real estate, sport, retail and healthcare. Members include executives from Chobani, Etsy, the New York Liberty, Northwell Health and Amalgamated Bank, though major Wall Street and technology figures are largely absent. The council follows criticism from prominent financiers and concerns that his policies, including a surcharge on high-value second homes, could discourage wealthy residents and businesses.