Reported about 1 year ago
Morgan Stanley's incoming CEO, Ted Pick, discussed at a conference the potential of artificial intelligence (AI) to save the bank's financial advisers up to 15 hours weekly by transcribing and entering notes from client meetings. This AI tool could enhance productivity, personalize discussions and investments for wealthy clients. The bank also plans to expand lending to high net worth individuals with structured lending products, while maintaining dividends and considering stock buybacks based on share prices amid a rise in the bank's stock value.
Source: YAHOO