EFTA Document EFTA01418283

Subject: Re: Southern financial [C] From: Stewart Oldfield e > Date: Mon, 27 May 2019 19:01:12 -0400 To: Donna Kerrigan e > Ok. I don't think there's any rush or stress to sort this out. Enjoy the trip, if that's possible. Stewart Oldfield, CFA, CAIA Deutsche Deutsche 345 Park Tel. Mobile Email Bank Trust Company Americas Bank Wealth Management Avenue, New York, NY 10154 Securities offered through Deutsche Bank Securities Inc. On May 27, 2019, at 4:09 PM, Donna Kerrigan e > wrote: Hi - I'm in Jax for a few days with Andrew and the Exco, I'll be back in the office on Friday. Happy to chat but Andrew is not expecting any revenue from this client as we adjusted his 2019 target to reflect this. Kind regards, Donna Sent with BlackBerry Work (www.blackberry.com) From: Stewart Oldfield e > Date: Sunday, May 26, 2019, 11:32 AM To: Donna Kerrigan e > Subject: Re: Southern financial [C] 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 EFTA01418283 Stewart Oldfield, CFA, CAIA Deutsche Deutsche 345 Park Tel. Mobile Email Bank Trust Company Americas Bank Wealth Management Avenue, New York, NY 10154 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 <a> Date: Friday, May 24, 2019, 2:52 PM To: Stewart Oldfield Cc: Leslie Roth Subject: Southern financial [C] Classification: Confidential Hi Stewart, , Donna Kerrigan <M > Below is the complete picture of your financials in USD for 2018 and 2019 EFTA01418284 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 0 n.a. EFTA01418285 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. Southern Financial House Acc (7.4) (85.0) EFTA01418286 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 Tel. Mobile Email EFTA01418287