EFTA01358008

Multi Asset Investment Process Multi Asset Investment Committee (MIC) Investment Process: from global to local The Multi Asset Investment Committee (MIC) currency and du' re(7orrrrenclatiii based on CIO View and single asset class input. The MIC creates a gip which serves as the basis for regional allocation decisions. Source: Deutsche Bank Wealth Management Deutsche Bank RIC' Regional Investment Committees (RIC) exist in Germany. the Americas, EMEA and Asia The committees r !`i that provide local flavor with higher granularity and integrate regional investors' preferences. The regional lead allocations serve as basis for Multi Asset Allocation strategies. Portfolio Implementation reCommendation (PIC) Different asset-class specific groups ,ible portfolio impler. on single security level suitable RIC These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0045243 CONFIDENTIAL SDNY GM_00191427 EFTA01358008