As firms increasingly harness the power of AI, prioritizing responsible use is essential for maximizing benefits while minimizing risks. From client servicing to investment decisions, AI offers immense potential – but also introduces complexities that require structured governance.

We recently hosted an insightful panel discussion featuring leading experts:
– Giorgio Valente – Head, Hong Kong Institute for Monetary and Financial Research (HKIMR)
– Rocky Mui – Partner, Clifford Chance
– Janet Hsiao – Professor, The Hong Kong University of Science and Technology, Co-Director, AI Ethics & Governance Lab
– Moderator Jimin Choi – AI Strategist, J.P. Morgan Asset Management

The conversation explored the evolving landscape of responsible AI, including:
– Defining Responsible AI – What it means across industries and why it matters
– Regulatory & Legal Perspectives – How financial institutions and governments are addressing ethical AI
– AI Literacy & Institutional Readiness – Building awareness and capabilities across teams
– Global Lessons & Future Policy – Insights from international approaches and implications for Hong Kong
– Do you have to be nice to your AI? – Panellists reflected on this question, sharing their thoughts on how our interactions with AI shape both technology and ourselves, as well as the power required to process a simple ‘thank you’

The panel also shared practical resources and guidance for adopting AI responsibly, reinforcing the importance of collaboration between technology, people, and regulation.

As an industry organization in the PWM industry, we are committed to facilitating timely conversations that support industry practitioners in navigating emerging trends. Stay tuned for more!