Jun 14, 2023 / 02:15PM GMT
Ryan Michael Kenny - Morgan Stanley, Research Division - Equity Analyst
Before we begin, for important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. The use of photography or recording devices is not permitted. If you have any questions, please reach out to your Morgan Stanley sales representative.
We are pleased to have with us Navid Mahmoodzadegan, Co-President and Founding Partner of Moelis & Co. Navid, thanks for joining us.
Navid Mahmoodzadegan - Moelis & Company - Co-Founder, Founding Partner, Co-President & MD
Great to be here, [Devin.] Thanks for having me.
Questions and Answers:
Ryan Michael Kenny - Morgan Stanley, Research Division - Equity AnalystSo let's start off with the M&A environment. It's clearly been challenging over the last 1.5 years. Can you update us on what you're seeing in the second quarter?