Credit Suisse credit traders jump to HSBC
Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- General Atlantic's Robbert Vorhoff breaks down the biggest trends in healthcare, and why he's betting on telemedicine.
- Vanguard's private investments head details how the money manager is bringing private equity to the masses.
- Revolut is hiring an investor-relations team to help the $5.5 billion fintech manage its private investors.
- HSBC just nabbed several traders for its credit division as it looks to replenish its ranks.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Why General Atlantic's top healthcare dealmaker is betting on telemedicine sticking around long after the pandemic subsides
We spoke with General Atlantic's Robbert Vorhoff, who said that tech innovation is driving growth in healthcare. Here's what else he told us.
A top exec at money manager Vanguard broke down its plans to bring 'low-cost, high-outcome' private equity funds to the average investor
Vanguard is working to bring private equity - something that traditionally has been accessible only to the most sophisticated investors and institutions - to retail investors. Fran Kinniry explains the firm's plans.
2 legal-tech companies just filed to go public. Here's everything you need to know about Intapp and LegalZoom, and their plans for growth.
Intapp wants to ride the cloud-based SaaS wave, while LegalZoom is facing some legal concerns. These are the other key takeaways from their S-1 filings.
Revolut, a $5.5 billion fintech, is hiring an investor-relations team in a step normally taken by soon-to-IPO startups
Hiring an investor-relations team is a step normally taken by firms wanting to go public. But insiders said the hires were, for now, about managing Revolut's growing list of private investors. More on that here.
HSBC has hired 8 traders for its credit division- including a team lift-out from from Credit Suisse - circling the wagons after a wave of defections
The bank has hired a new head of investment-grade credit trading as part of a team lift-out from Credit Suisse, according to sources familiar with the matter. Here's everything we know.
Meet the Zillow mafia: These 9 former execs are raising hundreds of millions for their own startups and taking over the real estate tech world
Former Zillow executives have gone on to found proptech startups such as Tomo, Pacaso, and Divvy. Check out the full list here.
Odd lots:
Inside Credit Suisse's $5.5 Billion Breakdown (WSJ)
Crypto Lender BlockFi in Talks to Raise Funding at $5 Billion Valuation (The Information)