Insider finance: BofA poaches volatility traders

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

• Bank of America just nabbed two senior equity volatility traders from rival banks as the war on talent heats up.
• A star manager has left $44 billion hedge fund Viking Global.
• RBC Capital Markets and Guggenheim Securities were the latest firms to offer up special pay bumps to junior bankers.

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Bank of America has poached 2 senior derivatives traders from JPMorgan and Morgan Stanley, adding reinforcements to hard-hit trading desk

Spencer Cross resigned from JPMorgan to run US index trading at Bank of America, and Anastasios "Taso" Giannopoulos left Morgan Stanley to take the role of America's head of micro derivatives trading at BofA.

More on their new positions.

A young star manager from Viking Global has left the $44 billion hedge fund

Divya Nettimi has left Viking Global after more than six years as a portfolio manager. Take a look at what she accomplished at Viking.

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Wall Street is bumping junior investment banker pay and going on a hiring spree

RBC Capital Markets and Guggenheim Securities are the latest two Wall Street firms to offer up pay bumps to junior bankers. We've got the whole list here.

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JPMorgan CEO says that working remotely 'does not work' for young people and those who want to 'hustle'

JPMorgan's CEO said remote work made it harder for young people and those who hustle. Here's why he's so down on WFH.

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Compass CEO Robert Reffkin's obsessive approach to networking is just one reason he's on track to be the youngest Black billionaire

Compass CEO Robert Reffkin wrote a new book that details his unconventional path to the top. Here are some of the biggest takeaways.

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Wall Street is looking to get back to the office. We've got the latest details on what 7 banks like JPMorgan and Goldman Sachs are telling employees.

Some Wall Street banks are gearing up to get more workers back to office this summer. Here's a breakdown of what seven different banks are saying.

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