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Operator Good day, ladies and gentlemen, and welcome to the MSCI fourth-quarter 2020 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Salli Schwartz, head of investor relations and treasurer. You may begin. Salli Schwartz Head of Investor Relations Thank you, operator. Good day, and welcome to the MSCI fourth-quarter 2020 earnings conference call. Earlier this morning, we issued a press release announcing our results for the fourth quarter 2020. This press release along with an earnings presentation we will reference on this call as well as a brief quarterly update are available on our website, msci.com, under the investor relations tab. ....