EFTA01380808

Multi Asset Investment Process Deutsche Bank Wealth Management's CIO' View and Research is the starting point View Generation I • • In In■ NM MI &ails A quarterly CIO Day gathers tn.. 'IF,t senior professionals in Deutsche Bank WM responsible for asset classes and research. Investment experts assess the macro-economic environment and outlook, indentifying and analyzing key market drivers. for Fixed Income, Equities, Alternatives and Multi Assets is reviewed and challenge The decisions taken at the CIO Day are presented in our CIO View which includes: Macro-economic environment Single asset class outlook Financial market forecasts and high-conviction ideas Risks to the main scenario Strategic CIO View is the starting point for our multi asset investment process ' Chief Investment Officer (CIO) Source: Deutsche Bank Wealth Management Deutsche Bank VW., 31th Manaoen,c,nt 5 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0079362 SDNY_GM_00225546 EFTA01380808