Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Check out the top headhunters helping Wall Street firms staff up with quant and data-science specialists.
- Goldman Sachs’ private wealth co-heads detail their strategy for catering to the next generation of the ultra rich.
- Here’s how JPMorgan is starting to think through plans for its new NYC headquarters.
Samantha Lee/Insider Quant and data-science specialists are the lifeblood of many hedge funds, trading firms, market makers, and banks — and the market for them has never been hotter. As the war for talent heats up, we assembled a list of headhunters who specialize in the field.
Two Sigma Ventures TSV is helping some of its portfolio companies make a permanent pivot to virtual work. See what these four portfolio companies are doing as remote work becomes the new norm. Goldman Sachs wants to hold onto its richest clients’ kids. The bank’s private wealth heads explain how its Marcus unit is helping them do that.
Goldman Sachs With the world’s largest-ever transfer of wealth between generations underway, Goldman is expanding its offerings and focusing on holding onto the next generation of its clients. We spoke with Meena Flynn and John Mallory, the bank’s private wealth co-heads, who detailed their strategy for us. Here’s what they said.Inside the secretive world of Wall Street quant recruiting
The trading firms that employ quant and data-science specialists are highly secretive, as are the recruiters they work with. So we spoke with more than two dozen recruiters about their competitive, stealthy field. Take a look inside the world of Wall Street quant recruiting.
Chris Thrasher at a maximum security prison in Alabama. Andrew Lichtenstein/Corbis via Getty Images
Barclays dropped plans to raise $850 million for private-prison manager CoreCivic through Alabama after activists cited the bank’s previous promise to not fund private prisons. Find out more here.
Charles Scharf is the CEO of Wells Fargo. Tom Williams/Getty Images
Wells Fargo Securities is the latest financial firm to give its young talent gifts after a grueling year handling significant deal volume while isolated at home. Read more here.
David Tepper Bloomberg TV
CastleKnight Management, founded by Appaloosa partner Aaron Weitman and backed by billionaire David Tepper, has had a fantastic first six months. Get a rundown on its early returns.
Hou Yu/China News Service/VCG via Getty Images HSBC executives no longer have their own offices. Instead, they’re being asked to use “hot desks,” or rotating workstations. More on that here.We got a peek at JPMorgan’s latest plans for its new NYC headquarters, which show clues about how the bank views the future of office work
JPMorgan CEO Jamie Dimon Getty Images
A document shared with Insider gives a glimpse into how the bank plans to forge ahead with its new NYC headquarters. See more here.
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