Invesco Ltd. (IVZ) Q3 2022 Earnings Call Transcript

Invesco Ltd. (NYSE:IVZ) Q3 2022 Earnings Conference Call October 25, 2022 9:00 AM ET

Company Participants

Greg Ketron - Head of Investor Relations

Marty Flanagan - President and Chief Executive Officer

Allison Dukes - Chief Financial Officer

Conference Call Participants

Brian Bedell - Deutsche Bank

Brennan Hawken - UBS

Glenn Schorr - Evercore

Ken Worthington - JPMorgan

Dan Fannon - Jefferies

William Katz - Credit Suisse

Michael Cyprys - Morgan Stanley

Craig Siegenthaler - Bank of America

Patrick Davitt - Autonomous Research

Operator

Welcome to Invesco's Third Quarter Earnings Conference Call [Operator Instructions]. As a reminder, today's call is being recorded.

Now I'd like to turn the call over to Greg Ketron, Invesco's Head of Investor Relations. Thank you. You may begin.

Greg Ketron

Thanks, operator, and to all of you joining us on Invesco's quarterly earnings call. In addition to our press release, we have provided a presentation that covers the topics we plan to address today. 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 two of the presentation regarding these statements and measures as well as the appendix for the appropriate reconciliations to GAAP. Finally, Invesco is not responsible for and does not edit or guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcasts are located on our Website.

Marty Flanagan, President and Chief Executive Officer; and Allison Dukes, Chief Financial Officer, will present our results this morning. After we complete the presentation, we will open up the call for questions.

Now I'll turn the call over to Marty.

Marty Flanagan

Thank you, Greg. And those so inclined to follow along, I’ll start on Slide 3 and the highlight page. So the challenging backdrop continued in the third quarter as most major equity and bond market indices moved lower. Investors continue to behave cautiously seeking risk-off trades that impact industry flows as well as the level and mix of assets under management.

The dynamic environment we are in favors money managers that have a broad diversified range of capabilities that meet the client's demands in this market. Invesco continues to prove to be one of the few global investment managers that can do that, with net flows momentum in market leadership positions in areas of high client demand.