Half Year 2020 GAM Holding AG Earnings Call Transcript

Aug 04, 2020 / 06:30AM GMT
Peter Sanderson - GAM Holding AG - Group CEO & Chairman of Management Board

Good morning. Thank you for joining GAM's half year results call today. My name is Pete Sanderson, Group CEO of GAM, and I'm joined today by Richard McNamara, our Group CFO.

Before we start, please note that there will be time to ask questions at the end of the presentation. (Operator Instructions)

I'll start by giving you an overview of the highlights of the first half, and then we'll hand over to Richard who will give you some more detail about our financial results. I will then end with a summary and outlook for the rest of 2020, and then there will be time for questions.

I want to cover 4 topics for 2020: GAM's response to the COVID pandemic; our strategic progress; the trends in our asset flows; and then finally, our investment performance. So let's start with the pandemic.

In common with many firms with global operations, we were closely monitoring the advance of COVID and the response of the various countries where we have offices and clients. We've increased and adapted our

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