Goldman Sachs is staffing up BNPL teams

Wall Street
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun/Anadolu Agency/Getty Images

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


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a16z is zeroing in on the New York fintech scene with a new general partner hire. He explains why the best minds on Wall Street are pivoting to startups.

David Haber, general partner at Andreessen Horowitz

Andreessen Horowitz is on a hiring spree, and David Haber, who will lead the firm’s bullish take on the New York fintech scene, is its latest get.

Read up on Haber’s role here.


WATCH: Execs from Deutsche Bank, AllianceBernstein, and Accenture share details on return-to-office plans, from COVID-19 vaccinations to long-term hybrid models

Insider Events 'Future of work on Wall Street' event promotion, including Katie Burke of AllianceBernstein, Melissa Fridman of Deutsche Bank, and Michael Cheek of Accenture.

Executives from Deutsche Bank, AllianceBernstein, and Accenture joined Insider’s finance reporter Reed Alexander on June 24 to explain how they’re navigating Wall Street’s return to the office (plus, we got sneak previews of the new offices that Deutsche Bank and AllianceBernstein are opening later this year). Check out the full webinar here.


Virtual reality is helping Wall Street reimagine a hybrid work model. An Accenture MD breaks down how traders and bankers can use the tech.

Virtual reality

Traders may soon swap big, burdensome screen rigs for something more streamlined: virtual reality. Michael Cheek shares how AR and VR could impact Wall Street.


Wells Fargo’s new private bank head has big hiring plans for advisors to the ultra-wealthy, and says her priorities are ‘growth, growth, and growth’

Headshot of Wells Fargo's new private-bank head, Julie Caperton.

Julie Caperton plans to hire more client advisors and relationship managers to exclusively service high-net-worth and ultra-high-net-worth customers near all of the 26 private bank hubs. Read more about her hiring strategy.


Goldman’s Marcus is staffing up teams focused on buy now, pay later as banks push into the red-hot market of point-of-sale financing

Marcus Goldman Sachs
Marcus offers savings and credit products online and through its app. Reuters

Goldman’s Marcus is hiring a leader and associate focused on buy now, pay later offerings. Here’s what we know about the roles.


Blackstone’s betting $6 billion on the rental market – here’s why private-equity loves real estate right now

Jonathan Gray Blackstone
Jonathan Gray, Blackstone president and COO Mike Segar/Reuters

Blackstone is all-in on rent resets and long-term property assets to combat potential inflation. Here’s why PE loves real estate.


Citigroup poached a volatility trader from Barclays to run index flow trading, reinforcing a desk hard hit by Wall Street talent war

Etienne Lussiez is the head of index flow volatility trading at Citigroup

Citigroup has hired Etienne Lussiez from Barclays to run index flow volatility trading. Here’s what we know.


Must-know promotions, exits, and hires at firms like Evercore, UBS, and Goldman Sachs

Bank researcher Erika Najarian
Erika Najarian, formerly the head of banks research at Bank of America LinkedIn

Top bank analyst Erika Najarian is leaving Bank of America after more than a decade to join UBS. After nearly 10 years at UBS, top internet research analyst Eric Sheridan has left the firm to join Goldman next month. Here are all the people moves you need to know.


Odd lots:

Robinhood’s IPO Plans Slowed By SEC Review (Bloomberg)

Credit Suisse’s SPAC Bonanza Dries Up (WSJ)

Big Law associates are close to their breaking point, and fat raises and special bonuses aren’t fixing the problem (Insider)

Goldman Sachs, Morgan Stanley, and AllianceBernstein are asking employees if they’ve received the COVID-19 vaccine. Here’s how 8 firms are handling return to the office. (Insider)