...Christian Bolu All right. I think we'll get started. Good afternoon, everyone. For our next fireside chat, I'm delighted to welcome back Ted Pick from Morgan Stanley to the conference. Many of you know Ted already. But for those who don't, Ted is the Head of the Institutional Securities business at Morgan Stanley and also the core Head of Corporate Strategy that has a good history at Morgan Stanley. He sort of shot to fame, if you like, during the financial crisis, leading the Morgan Stanley Equities business to become the #1 franchise on the street, then even more impressively, stabilized the FICC business, which was a zero underperformance before that. And now Ted runs all of the institutional businesses as well as corporate strategy, as I said. So welcome Ted, and thanks for coming to the conference again. Edward N. Pick ...