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LP, Barclays, Deutsche Bank Wealth Management. 17 Switzerland Germany France Netherlands Slovakia Finland Austria Belgium Denmark Sweden Luxembourg Lithuania Ireland Italy Spain Slovenia Portugal Malta Latvia Cyprus Total EFTA01477396 Global Fixed Income Combing the Field for Yield
gold returns. Footnotes: Data as of December 31, 2015. Source: FactSet, Bloomberg Finance LP, Deutsche Bank Wealth Management. 31 EFTA01477419 Multi Asset Investment Committee Forecasts January 2016 GDP Growth in % World USA Euroland UK Japan China Inflation in % USA (core PCE) Euroland UK Japan China Curr
ionary Portfolio Management At a glance Assets entrusted to us AuM € billion Global Regions 20 Americas 17 EM EA Frankfurt Zurich, Geneva Luxembourg Boston Chicago San Francisco Los Angeles Baltimore London Madrid New York Hong Kong Singapore Retail 2% UHNWI 72% Affluent 6% HNWI
Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management Client Portfolio Quality Management 1 MIC = Multi Asset Investment Committee 2 RIC = Regional Investment Committee 3 PIC = Portfolio Implementation reCommendation Source: Deutsche Bank Wealth Management Deutsche Bank Weal
ionary Portfolio Management At a glance Assets entrusted to us AuM € billion Global Regions 20 Americas 17 EM EA Frankfurt Zurich, Geneva Luxembourg Boston Chicago San Francisco Los Angeles Baltimore London Madrid New York Hong Kong Singapore Retail 2% UHNWI 72% Affluent 6% HNWI
Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management Client Portfolio Quality Management 1 MIC = Multi Asset Investment Committee 2 RIC = Regional Investment Committee 3 PIC = Portfolio Implementation reCommendation Source: Deutsche Bank Wealth Management Deutsche Bank Weal
Entities connected to both Luxembourg and Multi Asset Investment Committee

Norway
LOCATION
Belgium
LOCATION
Finland
LOCATION
Denmark
LOCATION
United States
LOCATION
New Zealand
LOCATION
New York
LOCATION
Julie K. Brown
PERSON
Bloomberg L.P.
ORGANIZATION
Geneva
LOCATION
Deutsche Bank
ORGANIZATION
Frankfurt
LOCATION
Vienna
LOCATION
Zurich
LOCATION
Moody's
ORGANIZATION
Milan
LOCATION
Madrid
LOCATION
New York University
ORGANIZATIONInternational Herald Tribune
ORGANIZATION
Michael Bloomberg
PERSON