EFG International AG (EFGXY) Q2 2026 Earnings Call Transcript

Good morning, ladies and gentlemen. A very warm welcome to our results presentation for the first half of 2026 this morning in Zurich. I -- obviously I'm joined as usual by the management team, our CEO, Giorgio Pradelli; our CFO, Deputy CEO, Dimitris Politis; and as usual, we will have obviously 2 presentations. Afterwards, we have enough time for Q&A. And obviously, as usual, I also point out the disclaimer in the presentation. And with any further delay, I hand over to Giorgio. Thank you.

Thank you. Thank you, Jens, and good morning. Good morning, everyone, and also from my side, a warm welcome to EFG Half Year 2026 results presentation. I'm actually quite pleased to be here today in Zurich on a beautiful summer day. First of all, because we have a strong set of results, and we're looking forward to presenting them to you, but also because yesterday, we managed to close the acquisition of Quilvest, a Zurich-based bank. This was a transaction that we have announced back in January. And after the regulatory approvals, we were able, as I said, to close yesterday. And thanks to this acquisition for the first time ever, EFG was able to cross the CHF 200 billion mark in terms of assets under management. Again, I don't want