EFTA01382134.pdf

From: Stewart Oldfield ( Sent: 3/1/2019 4:16:46 PM To: Peter Marone CC: Leslie Roth I I; Maria-Cristina Rado I I; Donna Kerrigan Subject: RE: Commentary on February flows (I] Classification: For Internal use only The bank decided to exit the client relationship. Thanks From: Peter Maroney Sent: Friday, March 01, 2019 3:57 PM To: Stewart Oldfield < Cc: Leslie Roth < >; Maria-Cristina Rado < Subject: Commentary on February flows Hi Stewart, I work in Wealth Management Business Performance Management and every month we collect commentary on the large flows. Last week we see client Southern Financial had a $61.8M outflow from brokerage. Can you provide a brief comment on that outflow. Specific things we are looking for: Did client withdraw assets due to negative DB headline? Is this normal course of business (client paying taxes....)? Is this expected to be temporary (client withdrew funds for temporary liquidity but we expect an inflow in the near future)? Thanks, Peter Maroney WM Americas Deutsche Bank 14th Floor 4 P k v CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0081384 CONFIDENTIAL SDNY_GM_00227568 EFTA01382134