News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fintech

Robots will not replace brokers, says Morgan Stanley chief

James Gorman, chief executive of the Wall Street bank, says clients will still want human relationships

Robots will not replace brokers, says Morgan Stanley chief

Morgan Stanley chief executive James Gorman does not think the robots are coming for his firm just yet.

Far from a world where Wall Street firms lay off huge portions of their staffs and replace them with supersmart computers, Gorman, speaking at a Wall Street Journal event Wednesday, said humans will still have a large role at the firm far into the future.

WSJ Logo