JPMorgan cuts ties with proxy advisers, to replace with in-house AI, WSJ reports

Core Viewpoint - JPMorgan Chase's asset-management unit is severing ties with proxy-advisory firms and will implement an internal AI-driven platform named Proxy IQ for U.S. company votes in the upcoming proxy season [1] Group 1 - The asset-management unit of JPMorgan Chase manages over $7 trillion in client assets, making it one of the largest investment firms globally [1] - The decision to cut ties with proxy-advisory firms is effective immediately [1] - Proxy IQ will be utilized to assist in voting on U.S. companies during the upcoming proxy season [1]