Unknown Analyst

All right. Let's get started. So we are pleased to have with us Navid Mahmoodzadegan, CEO and Co-Founder of Moelis. Navid, thanks so much for joining us.

Navid Mahmoodzadegan
Co-Founder, Founding Partner, CEO & Director

Great to be here.

Unknown Analyst

Always great to have you back. So let's start on strategy. So you're roughly 8 months into the CEO role. It feels like longer. It's been a busy year. So how have these last few months been? And what are the few things that you're most focused on as CEO?

Navid Mahmoodzadegan
Co-Founder, Founding Partner, CEO & Director

Thanks for the question and wonderful to be here today. So it's gone great. I've really enjoyed being CEO of the firm and leading our great franchise. I think it's been what I thought it would be, which is exhilarating every day to wake up and do everything I can to support our bankers and the work of supporting our clients, growing our firm, which is a really important initiative to continue to expand our capabilities and to make sure our culture is the best it possibly can be. So all of those things are a challenge and taking up a lot of my time.

Unknown Analyst

So on culture, as a co-founder, you've seen Moelis through various cycles. And what parts of the culture are really nonnegotiable to you, especially as the firm expands and navigates different environments?

Navid Mahmoodzadegan
Co-Founder, Founding Partner, CEO & Director

So culture is, as you say, absolutely critical to everything we do. It's a foundational thing for our firm. And the elements of the