Morgan Stanley hired an assistant professor from the New York City-based Icahn School of Medicine at Mount Sinai to serve as the company's first CMO and head of human resources data and analytics, according to Business Insider.
David Stark, MD, will work to tackle rising healthcare costs at the investment banking firm and improve employee wellness at Morgan Stanley.
"We created this new role, uniting HR data and analytics with the role of chief medical officer, in order to foster innovation in employee wellness and healthcare coverage," Jeff Brodsky, chief human resources officer at Morgan Stanley, said in an emailed statement to Business Insider. "Harnessing our HR data, we can achieve better wellness for our employees and address rising healthcare costs."
Dr. Stark, an assistant professor of global health at the Icahn School of Medicine, earned his medical degree from Boston-based Harvard Medical School and his master's in biomedical informatics from Stanford (Calif.) University, according to his profile on the Icahn School of Medicine's website.
During his time at Mount Sinai, Dr. Stark also created Lab100, a futuristic clinic built in partnership with the health system.
"In this role, I'll have a unique opportunity to leverage data and technology to unlock value-based care for our employees while also generating data-driven insights to better support our workforce," Dr. Stark said in a statement to the publication. "I look forward to working with the talented team at Morgan Stanley to innovate new solutions and find synergies between employee health and work."
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