Full Year 2022 GAM Holding AG Earnings Call Transcript
Good morning, everyone. We'll make a start. May I begin by welcoming you this morning to GAM's 2022 results presentation. My name is David Jacob, and I'm Chairman of GAM Holdings AG.
I'll begin by outlining the results of our strategic review, which you all have seen in our press release this morning. We'll follow this with Pete Sanderson, our CEO, updating you on how GAM has performed this year, followed by our CFO, Sally Orton, who will walk through some financials with you. We'll then have a question-and-answer session via Webex chat.
I think we move to the first page. As you all have seen already this morning, we announced that Liontrust Asset Management has made an offer for all GAM shares. I'd like to briefly walk you through how the Board reached the decision to unanimously support this proposed acquisition.
GAM went into 2022 breakeven in terms of profitability. And we felt confident at the time that with the past issues behind us, we were positioned for a return to growth.
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