Insider finance: Carlyle's new $43 billion team

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• Meet some of the top investors in Carlyle's newly integrated buyout and growth team.
• Minority-owned banks reveal how they are overcoming Wall Street's lack of diversity.
• Morgan Stanley execs on the defensive for how they navigated the Archegos disaster.

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

Carlyle is integrating its buyout and growth teams to turbocharge its investment strategy. Meet 13 of the top investors leading the $43 billion vision.

The Carlyle Group, a global private-equity firm with $246 billion in assets under management, is taking steps to integrate its buyout and growth strategies in the US.

These are some of the stars of Carlyle's US buyout and growth team.

4 minority-owned banks reveal how they're overcoming Wall Street's 'woeful' lack of diversity to play a bigger role in investment banking right now

Diverse banks are strong in municipal bonds, but now these firms are eyeing corporate America. Read more here.

Morgan Stanley execs defend how the bank navigated the Archegos disaster as analysts grill them on a surprise $911 million hit

Morgan Stanley faced a raft of questions on its earnings call about its handling of Archegos. Its CEO, James Gorman, suggested agencies should take a closer look at family offices, and defended risk management. More on that here.

Carlyle just appointed a new co-head of its US buyout and growth team to help spearhead $43 billion for megadeals and early-stage plays

The firm named Brian Bernasek as its next co-head of US buyout and growth, alongside current co-head Sandra Horbach. More about his new position.

KPMG's US CEO shares how the 'Big 4' firm is thinking about the future of work, returning to the office, and burnout

We spoke with Paul Knopp, who described how CEOs are planning for the future of work - including prioritizing ESGs, employee well-being, and corporate purpose. Here's what else he told us.

The IRS saved 25,000 hours of work by adopting new technology to automate code testing and releases

The IRS has been working with IT firm Citizant to use DevOps technology to speed up its processes. Here's how it works.

HSBC is letting US interns pick between in-person and virtual work schedules for its 10-week summer program

As Wall Street firms grapple with whether or not to host interns in person, HSBC has taken a different approach - letting interns choose for themselves. Read the bank's plans for its summer interns.

Jake Siewert, Goldman Sachs' head of corporate communications and a key architect behind the firm's rebrand, is exiting to join Warburg Pincus

Siewert joined Goldman Sachs in 2012 from the US Treasury and played a key role in its rebrand. Now, he's headed to private-equity giant Warburg Pincus. Details on his transition.

Must-know promotions, exits, and hires at firms like Goldman Sachs, JPMorgan Chase, and Citi

Michael Daffey heads to Galaxy Digital Holdings. Citi promotes Jill Evans and Jolene Han Berg. These are the top people moves across the street.

Odd lots:

Kristin Lemkau: J.P. Morgan's Plan to Scale Up Wealth Management (Barron's)

SPAC Hot Streak Put on Ice by Regulatory Warnings (WSJ)

Inside Goldman's Active Quant Machine (Institutional Investor)

Top female trader quits Goldman Sachs with cryptic email (eFinancialCareers)

Wall Street Bank CEOs to Testify Before Congress Next Month (Bloomberg)

VC Firm General Catalyst Hires Morgan Stanley's Paul Kwan (Bloomberg)

Apollo Weighs Florida Outposts as Escape From New York Heats Up (Bloomberg)

Family Offices Targeting 800% Returns With SPAC Economics (Bloomberg)