Norm Ai has unveiled the formation of two influential advisory boards designed to guide the ethical and effective deployment of AI agents in highly regulated industries.
The move aims to foster robust governance frameworks and ensure AI technologies support, rather than replace, responsible decision-making in sectors such as finance and insurance.
The newly established AI Agent Advisory Committee brings together top technology executives from globally recognised institutions. Members include Blackstone chief technology officer John Stecher, Vanguard head of corporate systems Jennifer Manry, TIAA chief operating, information and digital officer Sastry Durvasula, and New York Life Insurance Company senior vice president and head of strategic capabilities Alex Cook. They are joined by Sri Viswanath, former CTO of Atlassian and current CEO of Coatue Ventures.
This group will focus on developing industry norms and architectural solutions that support the rise of AI agents in enterprise settings. Norm Ai CEO and founder John Nay said, “We’re honored to work so closely with the technology leaders of key institutions. This committee 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.”
Alongside this, Norm Ai is expanding its regulatory advisory board to include additional compliance and legal experts. These include Marshall Sprung, global head of compliance at Blackstone and former SEC enforcement official; John Douglas, chief legal officer of TIAA and a former banking regulation lead at Davis Polk & Wardwell; and Matthew Watkins, chief compliance officer at Coatue and formerly of KKR.
This expansion builds on the recent appointment of Sandi Tillotson, chief compliance officer at New York Life Insurance Company. The board already features regulatory heavyweights such as Susan Dudley, former White House regulatory czar under President George W. Bush, and Ben Lawsky, former superintendent of the New York State Department of Financial Services.
The news comes shortly after Norm Ai raised $48m in new funding from a consortium of major financial players including Vanguard, Blackstone Innovations Investments, Bain Capital, Coatue, Craft Ventures, New York Life Ventures, Citi Ventures, TIAA Ventures, and Salesforce’s Marc Benioff. This brings the firm’s total capital raised to $87m, backed by investors representing over $15tn in assets.
In a further step toward strengthening its leadership in AI compliance, Norm Ai recently appointed former SEC commissioner Troy Paredes as senior policy advisor and head of capital markets strategy.
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