Hello, and welcome to the Annual General Meeting of Shareholders of Lazard Limited. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions at any time by clicking on the message icon or during the question period as noted in the meeting procedures. It is now my pleasure to turn today's meeting over to Scott Hoffman, Chief Administrative Officer, General Counsel, and Secretary of Lazard Limited. Mr. Hoffman, the floor is yours. Thank you very much. Good morning, good afternoon, everyone. On behalf of our board, our Chairman and CEO, Ken Jacobs, and our executive officers and employees, I'd like to welcome you to our 2022 Annual General Meeting of Shareholders. As the operator mentioned, I'm Scott Hoffman. Representatives of Deloitte, our independent auditor, are also in attendance. In light of the ongoing global health crisis, we decided it would be prudent to conduct our annual meeting as a virtual event again this year. We appreciate your participation through this technology. On the occasion of our annual meeting, we would like once again to thank our colleagues globally for their hard work, grace, and professionalism. To the business at hand. Some of the remarks made during the course of this meeting may include statements that are forward-looking, which are subject to inherent risks and uncertainties. We're under no duty to update any forward-looking statements and do not intend to do so. I will now report on the formal business of the meeting. After the formal business, we'll open the floor to questions. We have received an affidavit confirming the mailing of the relevant materials to shareholders of record on March 22 of this year. The affidavit, together with copies of the materials mailed and the list of shareholders entitled to vote, have been filed with my office. A representative of Computershare, Inc. has been appointed to serve as the inspector of election for this meeting and has taken the inspector's oath. The inspector has reported that shares of Lazard's Class A common, representing approximately 93% of the votes that may be cast by all shareholders having the right to vote, were represented at the beginning of this meeting. This constitutes a majority of the votes, and therefore, a quorum is present for the transaction of business. The quorum report and the inspector's oath have also been filed with my office. Voting will take place on the matters described in the proxy. Shareholders who are present may vote their shares through the virtual meeting platform. Shareholders who have already delivered their proxies need not vote again unless they wish to withdraw their proxies or change their votes. We'll now proceed to the transaction of business. The first item on the agenda is the election of three people to serve as Class 2 members of the board, with terms expiring in 2025. The board has nominated Dr. Richard Haass, Jane Mendillo, and Richard Parsons. No other nominations were submitted to us. The board has recommended a vote for all of the director nominees. We'd also like to welcome Bill Lewis to our call today. Mr. Lewis will be joining our board on June 1, 2022. We look forward to benefiting from his contributions as a member of the board. The second item on the agenda calls for shareholders to vote on the non-binding resolution regarding executive compensation that is set forth in the proxy. The board has recommended a vote for this resolution. The third item on the agenda calls for shareholders to ratify Deloitte's appointment as our independent registered public accounting firm for 2022 and authorize the board, acting through its audit committee, to set their remuneration. The board has also recommended a vote for this matter. The polls are open, and you may vote through the virtual meeting platform. Again, any shareholder participating who has delivered a proxy need not vote. The polls are now closed. The votes cast on the matters considered at this meeting will be tabulated, and a summary of the actions taken will be reported in an SEC filing shortly. At this time, if there are no objections, we will adjourn the formal part of this meeting. As noted in the meeting procedures available on our virtual meeting platform, in order to ensure that the business is conducted efficiently for the benefit of all our shareholders, any questions should relate only to the business of the meeting. We will now begin the question and answer period. Hearing no questions, I will adjourn this meeting, and thank you for attending. This concludes the meeting. You may now disconnect.