Invesco Ltd. (IVZ) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 25, 2023 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Welcome to Invesco's Second Quarter Earnings Conference Call. All participants will be in a listen-only mode until the question-and-answer session. [Operator Instructions] Today's call is also being recorded.

Now I'd like to turn today's meeting over to your host, Mr. Greg Ketron, Invesco's Head of Investor Relations. Thank you. You may begin.

Greg Ketron

Okay. Thanks, operator, and to all of you joining us on Invesco's quarterly earnings call. In addition to today's press release, we've provided a presentation that covers the topics we plan to address. The press release and presentation are available on our website, invesco.com. This information can be found by going to the Investor Relations section of the website.

Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slide 2 of the presentation regarding these statements and measures as well as the appendix or the appropriate reconciliations to GAAP. Finally, Invesco is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcast are located on our website.

Andrew Schlossberg, President and CEO; and Allison Dukes, Chief Financial Officer will present our results this morning. And then we will open the call up for questions. First, however, I'd like to turn the call over to Marty Flanagan, Chairman Emeritus, who retired as CEO on June 30 after 18 years to provide a few comments before we get into the second quarter results. Marty?

Marty Flanagan

Thank you, Greg. And before I turn the call over to Andrew and Allison, I want to say it's been a pleasure to work with all of you over the years. It's really been an exciting, challenging [indiscernible] participate in a fascinating industry that has continued to evolve and change, but always seeking to create better outcomes for clients and shareholders. Over the years, I've learned from my engagement with all of you, all the key stakeholders, clients, analysts and shareholders, which has been instrumental in the success of Invesco. I'm immensely proud of this organization and the talented people around the world that make Invesco what it is. There's a tremendous opportunity for the firm going forward.

Invesco has the right strategy, the right team leading this organization into the future while navigating a challenging current market environment. The reality is that the strategies across firms in our industry are not very different. What separates winners and losers are those organizations that can execute effectively across all cycles and market conditions.