Q4 2020 Amundi SA Earnings Call Transcript
Yes. Hello. Good morning to all of you. I would like to introduce the speakers today in the room with me Yves Perrier, CEO; Valérie Baudson, Head of CPR, [and ETF] and Third-party Distribution and Wealth; Nicolas Calcoen, Head of Finance, Strategy and Public Affairs; and Domenico Aiello, CFO.
Yves, the floor is yours.
Thank you for this -- to attend this presentation. Anthony mentioned the title of Valérie. This title will evolute in the coming period, and I will come back to this.
As usual, I will make a short introduction which will be in 2 parts. The first is where is Amundi in 2000 -- after the year 2020. And my second part is about the evolution of governance.
First point, 2020. I would say that 2020 has been a very satisfactory year for different reasons. The first reason, it's our results. Net income of the year is only 4.5% down compared last year. And if we neutralize the market effect, you see that we are
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