How fintech headhunters are turning into investors

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

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Fintech headhunters are forgoing fees in lieu of equity in the red-hot startups they’re staffing up

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.


JPMorgan is stepping up marketing for its wealth business and hired Robinhood’s former head of content for a new role

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

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.


Goldman Sachs is using algos to help drum up new business for bankers as part of a bigger automation push

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

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.


Centerview rainmaker Blair Effron says return to office is all about the ‘quality of the experience’ and that he doesn’t expect people to be punching a clock

Blair Effron, Centerview Partners
Blair Effron, Centerview Partners

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.


Fintechs are using remote work as a lure to poach people from Wall Street banks that are pushing a return to the office

Remote work

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.


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