Fiera Capital Corporation

Good morning, my name is Sylvie and I will be your conference operator today. At this time, I would like to welcome everyone to FEAR Capital's earnings call to discuss financial results for the first quarter of 2023. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer session. As a reminder, this conference call is being recorded. If you would like to ask a question during the Q&A, simply press star 1 on your telephone keypad. If you would like to withdraw your question, please press star 2. Thank you. I will now turn the conference to Marie-France Gay, Senior Vice President, Treasury and Investor Relations. Please go ahead.

Thank you, Sylvie. Good morning, everyone. Bonjour à tous. Bienvenue à la conférence de la Conférence Pierre-Anne Castel pour discuter des résultats financiers Welcome to the Fierre Capital Conference Call to discuss financial results for the first quarter of 2023. Note that today's call will be held in English. Before we begin, I invite you to download a copy of today's presentation, which can be found in the investor relations section of our website at ir.fierrecapital.com. Also note that comments made on today's call include replies to certain questions, including replies to certain questions may deal with forward-looking statements, which are subject to risk and uncertainty that may cause actual results to differ from expectations. I would ask you to take a moment to read the forward-looking statements on page two of the presentation. On today's call, we will discuss our Q1 2023 results. starting with an update on our AUM close, followed by highlights of our public and private market platforms, as well as our private wealth business. We will then review our financial performance. Our speakers today are Mr. Jean-Pierre Desjardins, Chairman of the Board and Chief Executive Officer, and Mr. Lucas Mosquillo, Executive Director and Global Chief Financial Officer. Also available to answer questions following the prepared remarks will be John Serres, President and Chief Investment Officer, Public Market, and John Valentini, President and Chief Executive Officer, Private Market. With that, I will now turn the call over to Mr. Desjardins. Thank you, Marie-Trausse.

Good morning, everyone, and thank you for joining us today. The first quarter of 2023 was characterized by central banks continuing with their collective challenge of reducing inflation and demonstrating their unwavering resolve to achieve this, regardless of the financial market and economic fallout. This challenge has become further complicated by recent signs of distress in the banking sector as the most aggressive monetary policy tightening campaign in decades begins to take its toll. This has brought into question the ability of central banks to move forward with their tightening plans as they weight the risks associated with pricing pressures against the growth-dampening impacts of financial market instability.