Wednesday, August 4

How fintech headhunters are turning into investors


Hello readers,

Happy Saturday, and welcome to Insider Finance. Here’s a rundown of trending stories from the past week:

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Intersection Growth Partners


Intersection Growth Partners


With talent, not capital, now the real scarce commodity due to labor shortages, founders have been happy to bring on investors with a direct pipeline to the best employees in the industry. One search firm invested more than $100 million in stablecoin issuer Circle.

“At many companies, and at companies like Circle, managerial leverage often matters more than capital leverage,” Dante Disparte, Circle’s chief strategy officer and head of global policy, told Insider.

Read the full story here.


David Moss of JPMorgan stands in front of a brick wall wearing a suit jacket.

David Moss joined JPMorgan in June.

JPMorgan


The bank has hired David Moss as head of content for US wealth management as part of an effort to attract new clients who are “curious about investing,” JPMorgan Wealth Management head of content and communications Jennifer Zuccarelli told employees on Tuesday in a memo that was viewed by Insider.

The move underlines how banks have gone all-in on content — newsletters, blogs, and podcasts — as marketing.

Keep reading here.


Akila Raman, Goldman Sachs

Akila Raman, chief operating officer, Goldman Sachs investment bank division

Goldman Sachs


Akila Raman, chief operating officer of Goldman’s investment bank division, and Miruna Stratan, who leads the IBD engineering team, walked Insider through three use cases the bank is eyeing for additional automation.

Here’s the full rundown.


Blair Effron, Centerview Partners

Blair Effron, Centerview Partners


Bloomberg



Centerview Partners is back to a “primarily in-office experience,” co-founder and partner Blair Effron told Insider. It’s embracing the benefits of in-person work after reopening on June 14 while still allowing for some flexibility.

Here’s what else he said.


Remote work


VW Pics/Getty Images


Many Wall Street workers are being called back into the office, with many banks expecting more “normal” in-office work schedules after Labor Day, if not sooner. That may be enough to prompt a job switch, and New York fintechs are waiting with open arms.

“It’s a huge opportunity,” Eric Glyman, cofounder and CEO of NYC-based Ramp, told Insider. Ramp has hired from major banks’ risk, partnerships, and legal divisions, Glyman said.

Keep reading here.


Other stories readers loved this week



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