AI News: Morgan Stanley Names Artificial Intelligence Head

AI News: Morgan Stanley Names Artificial Intelligence Head

American multinational investment banking giant Morgan Stanley has appointed a lead for its Artificial Intelligence (AI) Division. 
Jeff McMillan Tapped to Lead AI Unit
Jeff McMillan, one of Morgan Stanley’s tech executives, specifically from its wealth management team, has been promoted to head the firm’s AI unit. Notably, the New York-based bank made this move as part of its plans to implement AI across its business in sync with its blooming growth strategy. 
“We are pleased to announce that Jeff McMillan has assumed a new position as Head of Firmwide Artificial Intelligence, co-reporting to us,” Morgan Stanley itemised in the memo that was sent from co-presidents Andy Saperstein and Dan Simkowitz.
Before now, McMillan was the lead for Wealth Management’s Analytics, Data and Innovation organization. As the head, he played a huge role in driving the institution’s technological evolution, “from the Modern Wealth Management platform to most recently our groundbreaking wo

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