Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI

The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.Morgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firmwide artificial intelligence, CNBC has learned.The bank is elevating Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm, according to a memo sent Thursday from co-presidents Andy Saperstein and Dan Simkowitz.Last y ...