Close Brothers Group plc (CBG) Q4 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.157 Good morning and welcome to the presentation of Close Brothers' 2024 full 00:00:05.157 -- 00:00:06.919 year results. 00:00:06.919 -- 00:00:10.183 Unfortunately, Adrian can't be here with us today. 00:00:10.183 -- 00:00:14.628 As announced earlier this week, he is taking a temporary medical leave of absence from 00:00:14.628 -- 00:00:19.934 the business, so I will be taking you through the presentation this morning. 00:00:19.934 -- 00:00:24.972 I'll start with an overview of the year before taking you through our financials. 00:00:24.972 -- 00:00:29.940 After that, I'll cover the progress we've made to date on the capital management actions 00:00:29.940 -- 00:00:32.445 and our strategy update. 00:00:32.445 -- 00:00:37.513 I'll be happy to take your questions afterwards, both via the telephone conference line 00:00:37.513 -- 00:00:42.542 and over the webcast, which you can submit either during or after the 00:00:42.542 -- 00:00:44.542 presentation. 00:00:45.357 -- 00:00:50.202 Our business delivered a resilient performance in an uncertain environment with the key 00:00:50.202 -- 00:00:55.246 metrics in line with guidance we had given you for the full year 2024. 00:00:55.246 -- 00:00:56.748 In 00:00:56.748 -- 00:01:02.133 banking, we continue to deliver growth at strong margins, albeit at a reduced pace 00:01:02.133 -- 00:01:06.277 due to the measures taken to moderate capital consumption. 00:01:06.277 -- 00:01:11.322 CBAM delivered market leading net inflows, although Winterflood's performance remained 00:01:11.322 -- 00:01:15.226 impacted by the unfavorable market conditions. 00:01:15.226 -- 00:01:20.192 We remained focused on cost discipline and have made further progress against the cost 00:01:20.192 -- 00:01:24.677 actions identi...