Wall Street’s Most Powerful Dealmakers and Traders

We are glad to have you back. Dan DeFrancescoChecking in from NYC Hope you avoided getting coal for Christmas for those who have celebrated it.

This week should be quiet so we decided to take a walk down memory lane. We are highlighting profiles of some of Wall Street’s most influential people. 

They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street.  

Before we get into it, however, I’d like to flag our most recent class of Wall Street’s rising stars. Although they may not be at the same level of the profiled people, they might soon. 

P.S. — Which powerful people would you like to see covered in 2023? Drop me a line at ddefrancesco@insider.com.

If you received this, sign up here. Get Insider’s app here.

1. From a potential heir to Goldman’s throne to blazing a new path. Before he shocked Wall Street, Gregg Lemkau was considered a future Goldman Sachs CEO candidate by leaving for Michael Dell’s investment firm in 2020. He orchestrated a merger between billionaire advisory BDT and he is now at the top of a hybrid bank that caters to the wealthiest people in the world in less than two years. He also has a great head of locks. More on Lemkau’s big bet on himself.

2. Jonathan D. Schiller was instrumental in building Boies Schiller Flexner into what it is today. However, he played a crucial role. in the exodus of partners the firm has endured. Insiders pointed at Schiller’s temperamental management style as well as his unfair comp system and preferential treatment towards himself. Read more here.

3. Julian Salisbury is not to be trusted. Sometimes, soft-spoken people can be bulldozed by Wall Street’s so-called alphas. But Salisbury of Goldman Sach, a Brit who emerged from the unheralded middle-office, has proved to be a success. you don’t need to be the loudest in the room to be successful. 

4. Meet the team behind one of the most profitable trading strategies in the Street. Although index-rebalancing trading isn’t the most glamorous topic, it was a vital part of the pandemic. hedge funds reap billions in returns. No one did it better than Glen Scheinberg of Millennium and his team. Here’s an inside look at how they did it.

5. Musk is Musk’s moneyman. Jared Birchall has been running Musk’s family office for six of the past six years and is one Elon Musk’s top deputy. Birchall is Musk’s trusted advisor, but the two men couldn’t be more different. Inside the life of the straight-laced, low-key banker handling Musk’s money. 

6. Brad Karp evaluates his next move. Paul Weiss, chairman of the powerful legal firm, won large-name clients like Citibank and the NFL. But the man whose client relationships generate $500 million in fees per year for his firm isn’t sure how much longer they want to stay in business. More on Karp’s future here. 

7. Big Tech on Wall Street While banks are often open about the possibility of transforming their bank into a technology company or vice versa, few have done so as aggressively as Goldman Sachs. Marco Argenti is the bank’s chief Information Officer and a former AWS executive. Inside his strategy for turning Goldman into the Amazon of Wall Street.

8. Morgan Stanley’s leader of the top investment team faces difficult times Counterpoint Global was a success story for Dennis Lynch, who was referred to as the “crown jewel” of Morgan Stanley Investment Management. It posted triple-digit growth in 2020 and was able to make a profit. The 28-year-old Morgan Stanley veteran has had to face much more this year and insiders are starting to question the culture of his team. More on the troubles for Morgan Stanley’s rock star portfolio manager. 

9. The lawyer representing everyone, Jay-Z to Elon. Alex Spiro has a long history of being in the spotlight. Quinn Emanuel partner Alex Spiro has been defending a number of high-profile clients. He played a key role for Musk’s fight against his Twitter deal. serving as counsel for Megan Thee Stallion. Here’s more on how Spiro rose to power.

10. How to rise to the top in one of the most competitive PE companies on the Street. Before they turned 40, Apollo Global Management was named Reed Rayman, Aaron Sobel, and Robert Kalsow–Ramos as partners. Here’s how they rose to the top of an investing firm known for being an intense workplace. 

Curated by Dan DeFrancesco from New York. You have suggestions or feedback? Email ddefrancesco@insider.comTweet @dandefrancesco, or connect on LinkedIn. Edited by Jeffrey Cane. @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London.