Good morning and welcome to Insider
- A war for talent is brewing in wealth management. Recruiters dish on where advisors are heading.
- We've got the latest on whether banks and hedge funds are planning on virtual or in-person work for summer interns.
- Some of Goldman Sachs' first-year analysts are fed up with 98-hour work weeks from their bedroom.
We are also looking for nominations for upcoming list of top equity research analysts under 35. Find out more about the list, and how to nominate someone here.
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How the vaccine roll-out and private equity cash are fueling the wealth management talent war, according to 8 industry insiders
The battle for talent between rival wealth managers is heating up, with some poaching from each other to bolster their own forces. Insider spoke with a handful of recruiters to get the lowdown on where advisors are heading.
Wall Street is divided over bringing interns into the office or going virtual for a second summer. Here's what firms like Goldman, Morgan Stanley, and Citadel are planning.
Heading into the second year of pandemic internships, major banks and hedge funds are grappling with whether to once again go virtual or have some in-office work. Our running list details what Wall Street interns can expect this year.
Goldman Sachs has poached a senior trader from Bank of America's derivatives desk - one of the hottest corners of trading in 2020
Mitchell Story, a managing director in equity derivatives trading, has resigned from BofA and is joining Goldman. Here's what we know so far.
'We all need to have some skin in the game': BlackRock's diversity head, driving change at a delicate moment, details the money manager's challenges and priorities
We sat down with Michelle Gadsden-Williams, BlackRock's head of diversity, equity, and inclusion, to discuss her new multi-year strategy in the wake of employees' reports and a lawsuit over discrimination in recent months. She's tasked with making the world's largest asset manager a more inclusive place - and this is how she plans to do it.
Some Goldman analysts are fed up with 98-hour workweeks from their bedroom as a year of WFH forces Wall Street to reevaluate junior bankers' workload
A year of nonstop work from home has
Jefferies is giving analysts and associates swanky gifts like Pelotons, iPads, and Apple Watches as the bank looks to show appreciation for junior employees
Jefferies analysts and associates can choose between a Peloton, a Mirror Home Workout System, and a bundle of Apple products. Read more about the rollout of the swanky gifts.
Bank of America just told its 1,800 incoming interns it's going virtual for the summer as Wall Street grapples with how to handle upcoming internships
Speaking of interns, Bank of America told incoming summer analysts it will run its internship program virtually. Here's what it told interns to expect.
Here are dozens of the tech titans and Hollywood celebrities who are Iconiq Capital clients - and 10 ultra-wealthy moguls who quietly bailed
From tech royalty to Hollywood stars, check out the powerful and wealthy people on Iconiq's client roster. Read more here.
Odd lots:
Apollo SPAC and Vista Halt $15 Billion Merger Talks (Bloomberg)
Credit Suisse Replaces Varvel, Halts Bonuses as Clients Fume (Bloomberg)
Bank of New York Mellon Invests in Crypto Startup (WSJ)
Goldman Sachs Drafts Volunteers for Move to West Palm Beach Digs (Bloomberg)