Kim Posnett Goldman Sachs

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Welcome to Insider’s weekly roundup of the top stories from across Wall Street. If you’re not yet a newsletter subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. 

On Wednesday, a pro-Trump mob stormed the US Capitol while Congress was confirming Joe Biden’s win in the presidential election. It took hours for authorities to clear the Capitol building, and five people have died.

Insider analyzed 23 memos from CEOs including JPMorgan’s Jamie Dimon and BlackRock’s Larry Fink responding to the US Capitol riot — and found that the most effective messages get personal.

Wall Street people moves you need to know 

There have been plenty of big moves popping up across Wall Street in the new year. Here’s our rundown of what you need to know from the past week.

Instacart just hired top Goldman Sachs tech banker Nick Giovanni as CFO, the grocery-delivery giant gears up to go public
Read the full memo naming the new co-heads of Goldman Sachs’ powerhouse tech team 

Kim Posnett just became the youngest solo head of a Goldman Sachs unit known for being a launching pad for some of the bank’s high-profile executives

A UBS exec driving Wall Street’s adoption of electronic trading strategies has left the bank for Trumid, the BlackRock-backed startup looking to disrupt the bond market
Citi just snagged a wunderkind from Credit Suisse to lead its equities research 

PayPal CEO Dan Schulman has his sights set on acquiring 1 billion daily active accounts

From Shannen Balogh:

2020 was a record-breaking year for PayPal, in more ways than one. It acquired the highest number of new active accounts during the second quarter, and reported record payment volume growth and revenues in the third quarter last year. Its stock price has skyrocketed. 

  Samsung heir Jay Y. Lee ordered back to prison for 2 and a half years over bribery charges

And the payments giant is just getting started. PayPal CEO Dan Schulman has his sights set on reaching 1 billion daily active accounts. 

“It’s an aggressive and aspirational goal, but it’s a goal that drives us because I want the company and I want people to know where we are going,” Schulman told Insider. “We know what our North Star is.”

Here’s how the payments giant could get there.

How to land a summer associate gig at global law firm White & Case 

From Yoonji Han:

White & Case will be attending more than 30 law schools’ on-campus recruiting events this cycle, and will be hiring around 100 students for its upcoming summer associate class, the firm told Insider. Because of the pandemic, many law schools have pushed their OCIs from early in the fall semester to January, and will be taking place online.

Aside from interviewing students through campus OCIs, White & Case has also opened up two additional routes for applying to its summer program. The first is a direct application through its employment portal, which includes virtual screening interviews using …read more

Source:: Business Insider


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