Morgan Stanley's incoming CEO Ted Pick poses for a portrait in New York City, US, Dec 21, 2023.NEW YORK — The use of artificial intelligence could save Morgan Stanley's financial advisers between 10 and 15 hours a week, the bank's CEO Ted Pick told investors at a conference on Monday .
It could also help advisers fine-tune topics to discuss with wealthy clients and tailor investment products to their needs, he said. Pick expects high interest rates in the US to persist, echoing views from his counterparts Jamie Dimon at JPMorgan Chase and David Solomon at Goldman Sachs.
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