BofA poaches volatility traders — Viking Global star manager exits — Wall Street's return-to-office plan

Subscribe to Insider View in browser       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. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.  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. 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.  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. 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. 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. Odd lots: BofA Promotes Brunner, Farman to Run M&A Amid Deal Windfall (Bloomberg) Galaxy Digital to Buy BitGo in Crypto Sector's First $1 Billion Deal (WSJ) BlackRock accused of ESG inconsistency over Indonesia palm oil (Financial Times) Banks Earn Big on Green Bonds But Really Clean Up With Fossil Fuel (Bloomberg) Goldman, Citi Stave Off Investor Calls for Racial Audits (Bloomberg) Archegos prepares for insolvency as banks seek compensation for $10bn losses (Financial Times) Top hedge fund manager's revealing novel (eFinancialCareers)           Was this email forwarded to you? SUBSCRIBE NOW     You received this email because you signed up to this Insider newsletter using the email: ipat39@gmail.com   Email preferences Unsubscribe TERMS OF SERVICE PRIVACY POLICY 1 Liberty Plaza, 8th Floor. New York, NY 10006