EFTA01376842

Multi Asset Investment Process Multi Asset Investment Committee (MIC) Investment Process: From global to local MIC The Multi Asset Investment Committee (MIC) formulates our global lead allocation and views on currency and duration based on the inputs of our CIO View and single asset class experts. The MIC creates a global cross-asset view which serves as the basis for regional allocation decisions. Source: Deutsche Bank Wealth Management RIC Regional Investment Committees (RIC) exist in Germany, the Americas, EMEA and Asia. The committees create regional multi asset class lead portfolios that take into account local considerations and integrate regional investor's preferences. The regional lead allocations serve as the basis for our Multi Asset Class Portfolios. PIC Portfolio Implementation reCommendation (PIC) Asset class experts create regionally suitable implementation recommendations. These experts leverage the firms' best in class research capabilities to produce creative solutions for our clients. Deutsche Bank ivc.itn Managen-,&nt 8 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073278 CONFIDENTIAL SDNY_GM_00219462 EFTA01376842