OM Asset Management plc (NYSE:OMAM) Q4 2018 Earnings Conference Call Transcript

Feb 07, 2019 • 08:00 am ET


OM Asset Management plc (NYSE:OMAM) Q4 2018 Earnings Conference Call Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the Fourth Quarter and Year-ended 2018. During the call, all participants will be in a listen-only mode. After the presentation, we will conduct a question-and-answer session.

(Operator Instructions)

Please note that this call is being recorded today, February 7 at 10:00 a.m. Eastern Time.

I would now like to turn the meeting over to Brett Perryman, Head of Investor Relations. Please go ahead, Brett.

Brett Perryman

Thank you. Good morning and welcome to BrightSphere's conference call to discuss our results for the fourth quarter and full-year ended December 31, 2018.

Before we get started, I would like to note that certain comments made on this call may constitute forward-looking statements for the purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as expect, anticipate, may, intends, believes, estimate, project and other similar expressions.

Such statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements. These factors include, but are not limited to, the factors described in BrightSphere's filings made with the Securities and Exchange Commission, including our annual report on Form 10-K for the year-ended December 31, 2017, filed with the SEC on February 28, 2018, under the heading Risk Factors.

Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. We urge you not to place undue reliance on any forward-looking statements.

During this call, we will discuss non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release, which is available on the Investor Relations section of our website, where you will also find the slides that we will use as part of our discussion this morning.

Today's call will be led by Guang Yang, our President and Chief Executive Officer; Suren Rana, our Chief Financial Officer; Aidan Riordan, Head of Affiliate Management; and Dan Mahoney, our Head of Finance.

I will now turn the call over to Guang.

Guang Yang

Thanks, Brett. Good morning, and thank you for joining our call. Before we turn to our Q4 results, let's spend a minute on BrightSphere's highlights and why we believe this is a attractive business with strong growth potential.

Our diversified multi-Affiliates business has over $200 billion in assets under management and seven widely recognized at-scale Affiliates. Together, they offer more than 100 investment strategies across a range of investment styles, asset classes and geographies to more than 850 institutional and sub-advisory clients from 30 countries.

Our unique operating model where our Affiliates own equity and share profit aligns our interests and provides meaningful incentives for long-term growth. This strength have provided stability to our business across market cycles, including challenging periods of market volatility, such as the