Thanks, Ilene and good morning, everyone. As you've seen in our announcement today, we started the year with strong business momentum across our asset servicing and asset management business, as we continued to deepen client relationships, win new business and advance our digital leadership.

First quarter results included strong EPS growth and improved return on equity. Importantly, we continue to see momentum across our core franchise. Strength in equity markets and new business lifted our asset under custody administration with growth of approximately 11% from first quarter 2017 to more than $33 trillion.

We announced record new servicing commitments of $1.3 trillion in the first quarter with total new business yet to be installed of $1.6 trillion. We're seeing strength across our pipeline, both geographically and by capability.

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