Jeff McMillan

Head of Firmwide AI at Morgan Stanley responsible for implementing AI across the firm and leading change management, education, and practical AI use-case deployment.

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Nov 4, 2025 • 13min

Future of Work: AI’s Impact on Industries

Join Stephen Byrd, Global Head of Thematic Research at Morgan Stanley, and Jeff McMillan, Head of Firmwide AI, as they explore the transformative effects of AI on various industries. Stephen reveals an estimated $900 billion in net benefits for S&P 500 companies and discusses surprising winners like labor-intensive sectors. Jeff shares insights on banking use cases, focusing on efficiencies in document processing and the challenges of aligning skills with AI capabilities. Don’t miss their forward-looking analysis on AI’s accelerating adoption timeline!

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