Wall Street intern diaries - Millennium poaches JPM star

July 28, 2021

Wall Street intern diaries - Millennium poaches JPM star - 411 on NDAs

Welcome to Insider Finance. If this was forwarded to you, sign up here. On the agenda today:

A Wall Street intern gave us a look into their life at a top bulge-bracket investment bank.
Millennium has snagged a star equity trader from JPMorgan.
We rounded up the top recruiters scouting for talent for family offices. You can meet them here.

Let's get started.

Introducing: the Wall Street intern diaries

We asked an intern at a top bulge-bracket investment bank to document an entire week in their life on Wall Street. From late-night ice cream parties to cramming on their final project, here's a look inside their world.

Millennium has poached a star equities trader from JPMorgan

millennium hedge fund 4x3 — **Phil McCarten/REUTERS**

Millennium has struck again. This time, amid growing demand for volatility traders, it snagged Borzu Masoudi, head of equity macro derivatives at JPMorgan. Read up on Masoudi's move.

These top eight recruiters are scouting talent for family offices

family office recruiters power players 4x3 — **Russell Reynolds Associates; Spencer Stuart; BraddockMatthews; StevenDouglas; Samantha Lee/Business Insider**

A talent war is unfolding between traditional firms and family offices, the privately held, loosely regulated wealth managers for the world's richest individuals and their families. We rounded up the must-know recruiters in the industry, who you can meet here.

Goldman Sachs requires employees to get vaccinated. Could your boss do the same?

pregnant covid vaccine — Jack Guez/AFP via Getty Images

The short answer is yes - employers can legally require employees to get a COVID-19 vaccine, which Goldman Sachs has already done. To help you understand what this means for your work environment, we spoke with six labor and employment lawyers. Here's what they told us.

Nium used this pitch deck to raise $200 million at a $1 billion valuation

Prajit Nanu Nium’s cofounder and CEO — **Nium**

Nium, a Singaporean payments startup, has become Southeast Asia's first business-to-business payments unicorn after raising $200 million in fresh funding. Check out the pitch deck that turned Nium into a unicorn.

Better Mortgage is using hardball tactics to lock up its shares in a SPAC deal, investor says

SPAC popularity in real esate tech world 4x3 — **Samantha Lee/Insider**

Pine Brook Capital Partners, which owns 7% of Better, has sued over the company's SPAC merger. Here are the details on the lawsuit.

These are the six most important things to watch out for when you sign an NDA

Assortment of different tech NDAs collaged on top of one another — **Provided to Insider by tech employees; Samantha Lee/Insider**

Despite the widespread use of nondisclosure agreements, many workers say they are confused by their NDA and don't understand what they can and can't say about their work. We reviewed 36 NDA's from workers at giant tech firms and at startups, and found six things to look for in your own agreement.

On our radar:

You're finally pulling in six figures. Why don't you feel better about your job?
Employees who fix Apple laptops say the facility they work in is a "sweatshop." Read our exclusive report.
Insider came across an address book that appears to have belonged to Jeffrey Epstein in the 1990s. Here's how it had landed in the hands of a communist farmer in Vermont.
iCapital Network Inc. raised $440 million in a funding round that values the upstart investing platform at around $4 billion, the WSJ reports.
The NYT reports that a generation gap has emerged between young workers, who prefer to work from home, and older colleagues who value the traditional workplace.
Speaking of working remotely, Slate reported on the people who would rather quit than give up remote work.