Re: Call with our Muni desk - [I (Stewart Oldfield, 19 Oct 2017)

Subject: Re: Call with our Muni desk - [I] From: Stewart Oldfield Date: Thu, 19 Oct 2017 10:51:19 -0400 To: Martin Zeman ‹ > Classification: For Internal Use Only Please don't have this call. Deposits are strategically important to us. Jeffrey also has a specific tax set up that makes munis less attractive. We should have discussed this first. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154