Wall Street: Meet the rising stars of finance

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10 THINGS ON WALL STREET

Hi. I'm Aaron Weinman. Today I want to highlight Wall Street's brightest young talents who are navigating the choppiest market conditions they've ever seen in their short careers.

The rising stars list is a mammoth effort from Insider's finance team that involved scrutinizing hundreds of nominations from banks, investment firms, and hedge funds, among other parts of the Street's gargantuan apparatus.

After months of interviews and countless rounds of fact checking, meet 25 best-in-class investors, traders, and dealmakers under the age of 35, from firms like JPMorgan, BlackRock, and Apollo, among others.

Insider's Alex Morrell, Alyson Velati, Asia Martin, Carter Johnson, Dakin Campbell, Danielle Walker, Hayley Cuccinello, Rebecca Ungarino, and Reed Alexander talked to this year's stars about their successes and challenges.


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Rising stars of Wall Street 2022 4x3

1. Here is the latest crop of rising stars — Wall Streeters under the age of 35 who are pushing their teams to the top. Insider's stellar team of reporters scoured their source books, canvassed hundreds of people throughout the industry, and went through a ton of recommendations to determine this list.

The end result celebrates people from all walks of life who are infusing new ideas at the biggest firms.

Take Akash Pradhan, a 33-year-old principal at investment firm TPG. He leads investments in software and enterprise technology. He works across the firm's funds TPG Capital and TPG Growth, and also covers TPG's impact-oriented initiative called The Rise Fund.

He's a big basketball fan — particularly the Golden State Warriors — and the 6'1 executive likes to shoot hoops to clear his head. When he's not working on his jump shot, he fancies a chicken tikka masala to break up his day of billion-dollar decision making.

Get to know a little more about Pradhan and 24 other up-and-comers who are making waves on Wall Street.


In other news:

Bill Gurley throwing Twitter birds at Wall Street bull and Goldman Sachs building.

2. Silicon Valley venture capitalist Bill Gurley "hates" small rounds of layoffs. In an interview with a podcast, Gurley said small-scale layoffs bring more pain and "very little gain."

3. The Bank of England is urgently buying bonds to stabilize markets and the British pound. Here is what has happened and what it means for investors.

4. Digital-health startups are slicing their workforces after two years of record growth. From Cedar to Ro, here is every digital-health startup that has cut workers so far this year.

5. The alliance between American Airlines and JetBlue could cost consumers $700 million, the US Justice Department said. The airlines, however, argued that the partnership has increased passenger capacity and provided them with access to more flight routes. The government's lawsuit could have a spill-over effect on JetBlue's proposed acquisition of rival carrier Spirit.

6. HBCUvc's operating chief reviews hundreds of applications for the program that offers paid internships at VC firms. HBCUvc offers alumni from historically black colleges and universities paid internships and tackles issues like diversity and accessibility within the VC space. Chelsea Roberts, the non-profit's chief operating officer, shared what she looks for in successful applications.

7. Chief revenue officers and sales officers can earn nearly $300,000 at a startup. Here is what the roles involve — and the key skills you need to land them.

8. The luxury real-estate boom that characterized the pandemic is slowing down as interest rates rise. Homes in pandemic boomtowns like Denver and Austin are lingering on the market as pricier homes drop 28% nationwide.

9. Kaleidoscope, a software startup, is trying to make scientific research faster, cheaper, and more transparent. Here is the 23-slide pitch deck it used to raise $6 million in seed capital.

10. Home cheat home: Real-estate agents are ripping off homebuyers. Realtors operate as a monopoly that stifles competition and keeps commissions high — and it's costing Americans $72 billion a year.


People moves:

  • Deutsche Bank has promoted three bankers — Kent Penwell, Tim Wiedelmann, and John Anos — to be global co-heads of financial sponsors, a unit that covers private-equity firms, Bloomberg reported. The trio will succeed Michael Walsh, who has become a chairman.
    • Penwell was US head of financial sponsors
    • Wiedelmann ran the division in Europe
    • Anos will maintain his current role as global co-head of industrials

Curated by Aaron Weinman in New York. Tips? Email aweinman@insider.com or tweet @aaronw11. Edited by Hallam Bullock (tweet @hallam_bullock) in London.

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