This week’s 60-second Citywealth Leaders List interview is dedicated to Phyllis Townsend, Partner, Wealth Management, Baker McKenzie.

It is no secret that artificial intelligence is here to stay in the wealth management industry, but the question of ‘friend or foe’ still seems to be lurking. In this feature, we investigate existing implementations, the importance of distinguishing between data management vs generative AI, impending compliance requirements and more.