From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: ' ' < Subject: Re: Date: Wed, 29 Nov 2017 15:15:51 +0000 we might think of a third party financer. apollo. ? etc. or even CS, as i always thought it seems silly for you guys to have the exact same back office. chasing the same clients . I have some confidnetial insights if you decide to move to the next step On Wed, Nov 29, 2017 at 10:11 AM, > wrote: Given the combined size ,most definitely and it would allow me to clean up much deeper in my group . Also very interesting as J.B has almost no in-house Asset mgt . So it's a good combination with us ahead of Mifid/Finleg as they have to compensate for diminishing ROA Ariane de Rothschild On 30 Nov 2017, at 00:06, jeffrey E. <[email protected]> wrote: i think if you were focused , you would end up with less to do as a result of more help On Wed, Nov 29, 2017 at 9:59 AM, > wrote: Great - very interesting I m not sure though that I have the capabilities to run that big a combined bank Ariane de Rothschild On 29 Nov 2017, at 23:56, jeffrey E. [email protected]> wrote: the board. . lots of alternatives. lots On Wed, Nov 29, 2017 at 9:55 AM, > wrote: The merger is to me the best alternative to try The family has very little left in the company - do they still decide ? The board at large ? Ariane de Rothschild On 29 Nov 2017, at 23:34, jeffrey E. <[email protected]> wrote: yes, . thats why the family is spinning. . the alternative is for them to be bought by CS but it is too early in cs cleaning to do so. . , no matter what JB has some good teams that pichtet will hold off robbing for a year or so . so it is ripe for you to either approach, or my preference is a merger, tax effficient. . operations synergized , 200 m savings. . and YOU personally as opposed to benj trusts to be compensated fully On Wed, Nov 29, 2017 at 9:29 AM, > wrote: Very interesting idea . Should I see the chairman of JB s board ? Wasn't he to be replaced soon too 9 Ariane de Rothschild EFTA00944548 On 29 Nov 2017, at 21:02, jeffrey E. [email protected]> wrote: I think the merger of you and JB with you in charge would be great. as i always thought , the family is lost . they had no noncompete in place. as i knew please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and EFTA00944549 destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00944550