The emergence of artificial intelligence (AI) is transforming every aspect of the investment management industry, from research and portfolio construction to operations, legal & compliance, risk management, and investor engagement. As investment advisers increasingly integrate advanced AI capabilities into their businesses, regulators and market participants alike are confronting new questions around governance, accountability, disclosure, and oversight.

AIMA, UBS & Seward & Kissel are pleased to welcome Brian Daly, Director of the SEC's Division of Investment Management, for a fireside chat examining how the Division is approaching the rapid evolution of AI across the asset management industry. Brian will be joined by Orville Thomas, Executive Director, UBS, and Craig Warkol, Partner, Seward & Kissel, for a discussion on the opportunities and challenges presented by next-generation AI technologies and the regulatory considerations they raise for private fund managers.

Topics will include:

• The Division's perspective on the growing use of AI throughout the investment management ecosystem
• Fiduciary duties, supervision, governance, and accountability in an AI-enabled environment
• Emerging regulatory priorities and areas of focus for investment advisers
• Constructive engagement between industry participants and regulators as the technology continues to evolve

The fireside chat will be preceded by a panel discussion, “Trust, but Sandbox: Preparing for AI Agents in Investment Management,” examining the opportunities and emerging risks associated with AI agents that can act on a user’s behalf by sending emails, completing forms, and working across applications. Most investment managers keep them out of the workplace for now, but few expect that to last, and some firms are already building confidence by testing agent tools in controlled environments.

This panel brings together perspectives from the worlds of AI, investment manager, and law enforcement to consider what COOs, CCOs, and GCs need to know before agents reach the desk. The discussion will cover what agents can do today, the risks firms face from both their own staff’s use of personal agents and from bad actors using the same tools, and how leadership can balance enablement with control.

Agenda:

2:30 PM | Registration and check-in

3:10 PM | Panel: Trust, but Sandbox: Preparing for AI Agents in Investment Management

• Giuseppe Nuti, Managing Director and Head of Agency Quantitative Research, UBS 
• Rachel Cartwright, Supervisory Special Agent, FBI
• Paula Weil, Chief Compliance Officer, Data & AI Governance
• Moderator: Michelle Noyes, Head of Americas, AIMA

4:00 PM | Fireside chat with Brian Daly

• Brian Daly, Director of the SEC's Division of Investment Management
• Orville Thomas, Executive Director at UBS
• Craig Warkol, Partner at Seward & Kissel

5:00 PM | Reception

In partnership with: