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Senin, 19 April 2021

Carlyle's new $43 billion team — Morgan Stanley burned by Archegos — Top Wall Street people moves

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

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Carlyle is integrating its buyout and growth teams to turbocharge its investment strategy. Meet 13 of the top investors leading the $43 billion vision.

carlyle group top dealmakers 4x3

The Carlyle Group, a global private-equity firm with $246 billion in assets under management, is taking steps to integrate its buyout and growth strategies in the US.

These are some of the stars of Carlyle's US buyout and growth team.


4 minority-owned banks reveal how they're overcoming Wall Street's 'woeful' lack of diversity to play a bigger role in investment banking right now

diversity and inclusion on wall street 2x1

Diverse banks are strong in municipal bonds, but now these firms are eyeing corporate America. Read more here.


 Morgan Stanley execs defend how the bank navigated the Archegos disaster as analysts grill them on a surprise $911 million hit

morgan stanlety big year james gorman 4x3

Morgan Stanley faced a raft of questions on its earnings call about its handling of Archegos. Its CEO, James Gorman, suggested agencies should take a closer look at family offices, and defended risk management. More on that here.


Carlyle just appointed a new co-head of its US buyout and growth team to help spearhead $43 billion for megadeals and early-stage plays

Brian Bernasek _ The Carlyle Group

The firm named Brian Bernasek as its next co-head of US buyout and growth, alongside current co-head Sandra Horbach. More about his new position.


KPMG's US CEO shares how the 'Big 4' firm is thinking about the future of work, returning to the office, and burnout

KPMG Paul Knopp headshot

We spoke with Paul Knopp, who described how CEOs are planning for the future of work — including prioritizing ESGs, employee well-being, and corporate purpose. Here's what else he told us.


The IRS saved 25,000 hours of work by adopting new technology to automate code testing and releases

IRS office

The IRS has been working with IT firm Citizant to use DevOps technology to speed up its processes. Here's how it works.


HSBC is letting US interns pick between in-person and virtual work schedules for its 10-week summer program

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As Wall Street firms grapple with whether or not to host interns in person, HSBC has taken a different approach — letting interns choose for themselves. Read the bank's plans for its summer interns.


Jake Siewert, Goldman Sachs' head of corporate communications and a key architect behind the firm's rebrand, is exiting to join Warburg Pincus

Goldman Sachs

Siewert joined Goldman Sachs in 2012 from the US Treasury and played a key role in its rebrand. Now, he's headed to private-equity giant Warburg Pincus. Details on his transition.


Must-know promotions, exits, and hires at firms like Goldman Sachs, JPMorgan Chase, and Citi

pjimage

Michael Daffey heads to Galaxy Digital Holdings. Citi promotes Jill Evans and Jolene Han Berg. These are the top people moves across the street.


Odd lots:

Kristin Lemkau: J.P. Morgan's Plan to Scale Up Wealth Management (Barron's)

SPAC Hot Streak Put on Ice by Regulatory Warnings (WSJ)

Inside Goldman's Active Quant Machine (Institutional Investor)

Top female trader quits Goldman Sachs with cryptic email (eFinancialCareers)

Wall Street Bank CEOs to Testify Before Congress Next Month (Bloomberg)

VC Firm General Catalyst Hires Morgan Stanley's Paul Kwan (Bloomberg)

Apollo Weighs Florida Outposts as Escape From New York Heats Up (Bloomberg)

Family Offices Targeting 800% Returns With SPAC Economics (Bloomberg)

 
 
 
 
 
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