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Morgan Stanley Appoints Head of AI as Wall Street Seeks to Leverage Technology

In a recent move, Morgan Stanley appointed a new head of artificial intelligence. The appointment, as stated in a memo by the bank’s copresidents, Dan Simkowitz and Andy Saperstein, will help guide the implementation of artificial intelligence across the company.

Jeff McMillan, a former tech executive in the bank’s wealth management division, is now the new head of AI. Prior to this appointment, McMillan had…

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