EEToday News (August 8) Kevin Sneader of Goldman Sachs Group said that new hires in the financial industry can manage artificial intelligence (AI) agents from the moment they join, without waiting years to advance into management roles.
Sneader, who oversees Goldman Sachs' Asia-Pacific operations outside Japan, said Thursday (August 8) at the Milken Institute Asia Summit in Singapore: "Nowadays, our young people join and immediately have to manage AI agents. They must make full use of this virtual team."
He added that in previous generations, professionals often had to work for many years before getting management responsibilities, and this reallocation of management roles will become a challenge many business sectors need to face.
His remarks indicate that AI could disrupt traditional career advancement paths in banking, where junior employees traditionally had to spend years performing analysis and basic tasks before advancing to manage others.
Sneader said: "Management is no longer carried out by middle managers, but has fallen into the hands of frontline employees. Right now, we still don't know where the middle layer will end up." (rc)
Sneader, who oversees Goldman Sachs' Asia-Pacific operations outside Japan, said Thursday (August 8) at the Milken Institute Asia Summit in Singapore: "Nowadays, our young people join and immediately have to manage AI agents. They must make full use of this virtual team."
He added that in previous generations, professionals often had to work for many years before getting management responsibilities, and this reallocation of management roles will become a challenge many business sectors need to face.
His remarks indicate that AI could disrupt traditional career advancement paths in banking, where junior employees traditionally had to spend years performing analysis and basic tasks before advancing to manage others.
Sneader said: "Management is no longer carried out by middle managers, but has fallen into the hands of frontline employees. Right now, we still don't know where the middle layer will end up." (rc)
