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efta-efta01386930DOJ Data Set 10CorrespondenceEFTA Document EFTA01386930
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EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
2018 Account Planning
RM contribution
Relationship Name: Lindemann
Banker Team: Stewart Oldfield
GCIS Number: 00000427075
Relationship Team:
ISG: Andrew King
Trust/Custody:
DPM:
WPS:
KCP:
Deposits:
Lending: Laura Farischon/Joshua Frank
Other:
Client Profile
This relationship is with Adam Lindemann and George Lindemann Jr, sons of billionaire George Lindemann, a
serial entrepreneur who founded and sold a handful of businesses over the past half-century, most notably
his Metro Mobile company that was acquired by Bell Atlantic (now Verizon) for $2.5 billion in 1991 and
Southern Union Company which he sold to ETE for $5.7 billion in 2012. The Lindemann children (George Jr,
Adam, and Sloan Lindemann) all held ownership stakes in those businesses.
Adam Lindemann is a private investor and influential collector of contemporary art and design. In
partnership with designer Marc Newson, he re-launched Ikepod, a Swiss watch design company. He also
writes a monthly column on collecting for The New York Observer. He runs art galleries in NYC and LA
(Venus over NY/LA) and is married to Amalia Dayan, another gallery owner.
George Lindemann Jr. was an accomplished equestrian with Olympic hopes. He is now a well-known art
collector, investor, environmental advocate and philanthropist in Miami. He serves as the president of the
board of directors of the Bass Museum of Art. George runs a commercial property company in Miami and
invests in a lot of multi-family residential property with his father.
Adam and George had a previous relationship with the bank (via PCS) and both have legacy mortgages here.
That relationship ended in 2012 when the broker left DB. Stewart Oldfield worked with the Lindemann
family at Credit Suisse from 2008, helping with various complex credit facilities, and brought the
relationship back to Deutsche Bank in February 2015.
The family's primary banking relationship is with BAML, which has given them more than $lbn of loans
secured by art, real estate and shares of ETE. They also have a close relationship with UBS, where their CS
broker moved in 2016.
Opportunities and Challenges
Confidential
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0088867
CONFIDENTIAL
SDNY_GM_00235051
EFTA01386930
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