Full Year 2019 DWS Group GmbH & Co KgaA Earnings Call Transcript

Jan 30, 2020 / 09:00AM GMT
Operator

Ladies and gentlemen, thank you for standing by. I am Emma, your Chorus Call operator. Welcome, and thank you for joining the DWS Q4 2019 Investor and Analyst Conference Call. (Operator Instructions)

I would now like to turn the conference over to Oliver Flade. Please go ahead.

Oliver Flade - DWS Group GmbH & Co. KGaA - Head of IR

Yes. Thank you very much, Emma, and good morning, everybody, from Frankfurt. This is Oliver from Investor Relations, and I would like to welcome everybody to our fourth quarter 2019 earnings call.

Please be reminded again that the upcoming Deutsche Bank analyst call will outline the asset management segment results, which has a different perimeter basis to the DWS results that we are presenting today.

I'm joined by Asoka Woehrmann, our CEO; and Claire Peel, our CFO. And as always, Asoka will start with some opening remarks and then Claire will take you through the presentation. For the Q&A afterwards, I would ask everybody to limit yourself to the 2 most important questions.

And I would

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