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Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- Andreessen Horowitz just tapped David Haber as its first New York-based general partner.
- Goldman Sachs is building out teams focused on new buy now, pay later offerings.
- Wall Street is showing an interest in adopting more virtual reality.
You're invited: Join us Tuesday at 12 p.m ET for a virtual event presented by PwC, spotlighting the biggest trends CEOs will focus on in the next 12 months. Register here.
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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.
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.
WATCH: Execs from Deutsche Bank, AllianceBernstein, and Accenture share details on return-to-office plans, from COVID-19 vaccinations to long-term hybrid models
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.
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'
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
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
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
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
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)