EFTA01367861

Biographies Larry V. Adam Chief Investment Officer, Wealth Management —Americas Larry Adam is a Managing Director and serves the dual role of Chief Investment Officer and Chief Investment Strategist for the Wealth Management division of Deutsche Asset & Wealth Management in the Americas. In his role as CIO, he chairs the Americas Regional Investment Committee, the management team responsible for investment strategy and asset allocation for discretionary portfolios in the Americas, and is a voting member on the Multi-Asset Investment Committee, which formalizes and establishes the global house view. As Chief Investment Strategist, Mr. Adam is responsible for articulating and providing detailed research for the house view in regards to the outlook for the economy and each major asset class. Previously, he was the Head of the Asset Allocation and Quantitative Analysis Group, the group responsible for analyzing and implementing client-specific asset allocation strategies. He is widely published and has been quoted in various mainstream and financial publications, including The Wall Street Journal, Barron's and International Herald Tribune. He also frequently appears on television and has been featured on CNBC and Bloomberg TV. Mr. Adam joined Deutsche Bank Alex. Brown in 1992. Mr. Adam received a B.B.A. and a master's degree in business with a concentration in finance from Loyola University Maryland. He has earned the Chartered Financial Analyst®, the Certified Investment Management Analyst® and the Certified Financial Planner'*' designations. He can be reached at or emailed at Deutsche Asset 9 Manaoeir; CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059485 CONFIDENTIAL SDNY_GM_00205669 EFTA01367861