EFTA01376843.pdf

Multi Asset Investment Process The Multi Asset Committee's 3 Pillar Approach Multi Asset Investment Committee (MIC) What it does MIC Process Creates a multi asset allocation based 1 Asset and Risk Allocation on discretionary input and bottom-up analysis Pillar 1 Pillar 2 Pillar 3 Considers risk allocation aspects when Allocation Asset Class Risk 2 Input Drivers Analysis taking the final discretionary decision on cross-asset allocation strategy as part of On discretion of Systematic Risk assessment the Deutsche Bank WM CIO View our most senior analysis of considered as part investment potential market of asset-allocation professionals drivers decision Results in a global lead asset allocation, accompanied by cross-asset views which serve as the basis for regional implementation Source: Deutsche Bank Wealth Management Deutsche Bank Weryirl 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073279 CONFIDENTIAL SDNY_GM_00219463 EFTA01376843