In this episode of RegulatingAI, host Sanjay Puri sits down with Jeff McMillan, Head of Firmwide Artificial Intelligence at Morgan Stanley. With over 25 years of experience leading digital transformation and responsible AI adoption in one of the world’s most regulated industries, Jeff shares how large enterprises can harness generative AI responsibly striking the right balance between innovation, governance, and ethics. 

Key Takeaways: 

• AI Governance: Why collaboration across business, legal, and compliance is the foundation of effective AI oversight. 
• Human-in-the-Loop: Morgan Stanley’s core principle—keeping humans accountable and central in every AI decision. 
• Education First: Jeff’s golden rule—spend 90% of your AI budget training people before building tech. 
• AI as a Risk Mitigator: How AI can actually strengthen compliance and risk management when designed right. 
• Culture Over Code: Why successful AI transformation is less about algorithms and more about mindset, structure, and leadership. 

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Resources Mentioned: 

https://www.linkedin.com/in/jeff-mcmillan-bb8b0a5/  

Recent Podcast 

https://podcasts.apple.com/fr/podcast/jeff-mcmillan-how-morgan-stanley-deploys-ai-at-scale/id1819622546?i=1000714786849  

Morgan Stanley External Facing Website sharing some of the work we are doing on AI  

https://www.morganstanley.com/about-us/technology/artificial-intelligence-firmwide-team