Revenue

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

The geographic disaggregation of revenue for the three months ended March 31, 2021 and 2020 are presented below. There are no revenues attributed to the company’s country of domicile, Bermuda.

	For the three months ended March 31,
$ in millions	2021	2020
Americas	1,230.4	1,180.7
UK	163.7	170.8
EMEA ex UK (Europe, Middle East and Africa)	176.4	164.4
Asia Pacific	89.2	83.0
Total operating revenues	1,659.7	1,598.9

The opening and closing balances of deferred carried interest liabilities for the three months ended March 31, 2021 were $58.0 million and $59.8 million, respectively (December 31, 2020: $45.8 million and $58.0 million, respectively). During the three months ended March 31, 2021, no performance fee revenue was recognized that had been included in the deferred carried interest liability balance at the beginning of the period (March 31, 2020: none).