Norm AI, which AL showed last month is developing regulatory AI agents to police other agents inside corporations and banks, has appointed a range of high-fliers to its two new advisory bodies, including an ex-Davis Polk partner, and folks from mega-funds Blackstone and Vanguard.
The move follows bagging $48m in funding and will see the formation of ‘two strategic advisory bodies composed of industry leaders to guide the responsible development and deployment of AI agents in highly regulated industries’.
The AI Agent Advisory Committee includes:
John Stecher, Chief Technology Officer, Blackstone
Jennifer Manry, Head of Corporate Systems, Vanguard
Sastry Durvasula, Chief Operating, Information and Digital Officer, TIAA
Alex Cook, Senior Vice President and Head of Strategic Capabilities, New York Life Insurance Company
Sri Viswanath, Former CTO of Atlassian, Current CEO of Coatue Ventures – (Note: which invested in Norm.)
Plus its Regulatory Advisory board will include.
Marshall Sprung, Global, Head of Compliance at Blackstone, was previously Co-Chief of the Asset Management Unit of the SEC’s Division of Enforcement.
John Douglas, Chief Legal Officer of TIAA, a leading provider of lifetime income solutions, was previously Partner at Davis Polk & Wardwell, heading the firm’s bank regulatory practice.
Matthew Watkins, Chief Compliance Officer of Coatue, was previously Chief Compliance Officer – KKR Real Estate and Deputy CCO – KKR Private Markets.
Plus, the company recently announced that Troy Paredes – a former SEC Commissioner appointed by President George W. Bush – has joined as Senior Policy Advisor and Head of Capital Markets Strategy.
John Nay, CEO and Founder of Norm Ai, said: ‘We’re honoured to work so closely with the technology leaders of key institutions. The [AI agent board] was formed to convene leading technology executives from large enterprises to serve as a forum to facilitate the development of policies, strategies, and technical and architectural solutions for AI agents.’
Is this a big deal? Forming boards is standard, especially if you work in the world of high-finance. What is unusual is for a young tech company – and one that stretches into legal tech – having such a stellar group of people from some of the leading funds in America, plus an ex-partner from White Shoe firm Davis Polk. It’s like a party at an exclusive restaurant near Wall Street.
It’s quite an incredible group, for sure, and no doubt designed to reassure corporates – which some of the funds involved own chunks of – that using Norm AI’s agents is a good idea.
Let’s see how it goes.
You can find more about Norm here.
And here is the AL story about Norm policing other agents.