EFTA01460811.pdf

DB Securities Inc Deutsche Asset & Wealth Management 2000 Avenue of the Stars. Suite 910-n.90067 Los Angeles. CA, USA Tel. +1(310)788-6201 E Famxa Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its subsidiaries. Clients will be provided Deutsche Asset & Wealth Management products or services by one or more legal entties that will be identified to clients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services. This communication may contain confidential andror privileged Information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. 'SS Securities offered through DWS Investments Distributors. Inc. From Che I Palleridbrdlo n To: ichael4 Davrs/dlordbcomeDBAmericas, Caroline Kitidisrdbrdbcom6DBAMERICAS, James Layderildb/dbcom@DBAMERICAS, Date: 09/16/2014 0228 PM Subject: Update IC) Classification: Confidential All, Marc Schwartz, head of the Broad Family Office, called me a bit ago as a result of a phone call from PCS (see below). Liz had raised concerns to him about our internal politics. He asked me if it was "OK to have called me for the trade". You see. I had always told him that we could place the trade in the existing account and never had shared that it was a PCS account that would need to be moved, who would get "credit", or any of these internal battles. Prior to Liz's call, he just assumed we were one happy family. I reassured him that he need not concern himself with our internal politics and that we are all operating as a cohesive delivery model to serve his needs. I do not believe we should be air our laundry with our clients, especially burgeoning ones where significant new business might follow. I believe our new colleague, Lee Hutter, knows Marc well and can assist in resolving these issues within the month. I am happy to let it lie until then. I am sorry we could not reach an amicable solution before the client was brought in to the fray. Kind regards, Cheryl Paller Cheryl Paller Managing Director Deutsche Bank National Trust Company Asset and Wealth Management 2000 Avenue of the Stars, 9N Los Angeles, CA, 90067 Tel. +1(310)788-6166 Fax +1(213)985-2442 CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 122359 CONFIDENTIAL SDNY_GM_00268543 EFTA01460811