EFTA01435505

Subject: Re: Call with our Muni desk - [I] From: Stewart Oldfield Date: Thu, 19 Oct 2017 12:07:01 -0400 To: Martin Zeman Classification: For Internal Use Only No stress. Will call later. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel: 212 454-2881 Mobile: blackberry Email: Securities offered through Deutsche Bank Securities Inc. From: Martin Zeman Sent: Thursday, October 19, 2017 08:03 AM To: Stewart Oldfield Subject: RE: Call with our Muni desk - [I] I apologize Stewart, didn't realize this. I will unwind this. Let's talk when you're back. From: Stewart Oldfield Date: Thursday, Oct 19, 2017, 10:51 To: Martin Zeman SINS Subject: Re: Call with our Muni desk - [I] Classification: For Internal Use Only Please don't have this call. Deposits are strategically important to us. Jeffrey also has a specific tax set up that makes munis less attractive. We should have discussed this first. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 EFTA01435505 Tel: 212 454-2881 Mobile Email: blackberry Securities offered through Deutsche Bank Securities Inc. From: Martin Zeman Sent: Thursday, October 19, 2017 06:38 AM To: Paul Barrett Cc: Stewart Oldfield Subject: Call with our Muni desk - Paul, ) SMIMMa. Back to our discussion yesterday, can you do a call with our muni desk next week Monday or Wednesday? Monday before 2pm works or Wednesday anytime except 10am. I mentioned you are getting 90bps on your deposits and they say they have better solutions. Martin EFTA01435506