EFTA Document EFTA01429731

Subject: Re: Southern financial [C] From: Stewart Oldfield SE > Date: Sun, 26 May 2019 11:32:21 -0400 To: Donna Kerrigan Are you in next week? Let's have a quick chat with Andrew since there is quite a bit of 2019 revenue on the account that he may not want elsewhere. Thanks Stewart Oldfield, CFA, CAIA Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management w York, NY 10154 Email Securities offered through Deutsche Bank Securities Inc. On May 26, 2019, at 10:34 AM, Donna Kerrigan wrote: Hi All - As agreed with Patrick and Andrew, all revenues, NNA, etc. for Souther Financial dating back to Jan 1st 2018 should be moved to House so Stewart is not impacted by the asset outflows in 2019. Lets please correct 2018 as soon as possible as these should have been moved in an earlier restatement. Thanks, Donna Sent with BlackBerry Work (www.blackberry.com) From: Robert Frohlich Date: Friday, May 24, 2019, 2:52 PM To: Stewart Oldfield Cc: Leslie Roth Subject: Southern financial [C] , Donna Kerrigan < EFTA01429731 Classification: Confidential Hi Stewart, Below is the complete picture of your financials in USD for 2018 and 2019 YTD including Southern Financial. This goes back to the question as to whether the 2019 YTD Southern Financial revenues of $363k currently mapped to a House account should be mapped back to your name alongside the $-85m NNA outflow (no further flows and revenues expected). As you know, we manually removed the Southern Financial revenues from your 2018 data when we provided Andrew with last year's revenues by RM as part of the target setting process but given that we weren't directly involved in how your 2019 number was derived I suggest you discuss directly with him and we can then act accordingly. If the decision is to not change anything then I suggest Leslie will map the remaining 2018 revenues and flows which are still mapped to your name and we missed out on (for whatever reason) to a House account and there will be no impact on your 2019 financials. USD FY18 Actuals Apr19 YTD FY19 Target Revenues Steward Oldfield 3,576,567 1,600,929 4,026,207 Of which: Southern Financial 703,616 EFTA01429732 0 n.a. Southern Financial House Acc. 486,673 363,457 n.a. NNA (in $m) Steward Oldfield 73.2 360.7 110.0 Of which: Southern Financial (49.2) 0.0 n.a. EFTA01429733 Southern Financial House Acc (7.4) (85.0) n.a. Let us know. Kind regards, Rob Frohlich <image001.gif> Robert Frohlich Deutsche Bank AG, Filiale New York Wealth Management 345 Park Avenue. 10154-0004 New York, NY, USA EFTA01429734