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Goldman poaches Uber engineering exec to lead consumer biz

May 18, 2021, 16:11 IST
Business Insider
Wall Street's Famous BullBrendan McDermid/REUTERS

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

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.

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Goldman Sachs just poached an Uber engineering exec to head its consumer business. Read the full memo announcing the hire.

JOHANNES EISELE/AFP via Getty Images

Peeyush Nahar, vice president of technology at Uber, will replace Omer Ismail as head of the bank's consumer business, which includes its digital bank Marcus.

Read the internal memo here.

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Prudential just joined an initiative to analyze employee compensation and benefits. Here's why the insurance giant believes it's 'an opportunity to do better.'

Prudential Financial

The insurance giant joins PayPal and Chobani in investigating its employees' financial health - a move toward stakeholder capitalism, the idea that companies are responsible for not only their shareholders, but also their employees and communities. More on that here.

PJ Solomon's CEO breaks down how the boutique investment bank is going to save $10 million by remodeling its New York HQ and adopting a hybrid model

PJ Solomon

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PJ Solomon plans to reconstruct its NYC headquarters and introduce a hybrid work model enabling some employees to permanently split their time between home and the office. Take an inside look at the bank's back-to-office reboot.

Morgan Stanley, Citi, and The Carlyle Group discuss why sustainable finance is good for the world - and companies' bottom lines

A truck drives in front of a power-generating windmill turbine on the Paris-Lille highway in Wancourt, France, April 3, 2019.Pascal Rossignol/Reuters

Leaders from Morgan Stanley, Citi, and The Carlyle Group spoke about the importance of sustainable finance during Insider's virtual event "Financing Net-Zero" last week. Get a rundown of the discussion - and a full recording - here.

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ESG terms and reports can be confusing. Investors should look for companies that are authentic and honest about their goals, and their challenges

Workers check the operation of photovoltaic equipment at a photovoltaic power station in Xinghua, East China's Jiangsu Province, Dec. 23, 2020.Costfoto/Barcroft Media via Getty Images

Investors looking to focus on ESG goals might find the inconsistent reporting and broad range of information confusing. Here's a recap of what industry experts had to say about the issue - along with a full recording of their Insider panel.

Odd lots:

Goldman Sachs Is on an Unprecedented Hiring Spree in China (Bloomberg)

Goldman Traders Caught in Mexico Stalemate Chasing $400 Million From Texas Freeze (Bloomberg)

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Apollo Hires Craig Farr to Head Capital-Markets Business (WSJ)

Inside CNN, where staffers are mostly relieved its parent company is merging with Discovery and are now speculating about Jeff Zucker's future there (Insider)

Credit Suisse Faces Banker Talent Drain After $5.5 Billion Archegos Hit (WSJ)

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