JPMorgan severs ties with proxy advisers, will use AI tool

This JPMorgan unit, one of the world’s biggest investment firms, has to vote shares in thousands of organizations each proxy season.

JPMorgan Chase’s asset-management unit ​is ending all ties ‍with proxy advisory firms effective immediately, The Wall Street Journal reported, citing an internal memo. The bank described it as being the first large investment firm to do so.

For this coming ‍proxy ​season, the bank will implement an internal AI-powered platform

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