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' 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 s

security level suitable 'mnlf--,—nn. i- These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120896 SDNY_GM_00267080 EFTA01460024

' 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 s

security level suitable 'mnlf--,—nn. i- These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0120945 SDNY_GM_00267129 EFTA01460052

' 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 s

security level suitable 'mnlf--,—nn. i- These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120980 SDNY_GM_00267164 EFTA01460066

that provide local flavor with higher granularity and integrate regional investors' preferences. The regional lead allocations serve as basis for Multi Asset Allocation strategies. PIC Portfolio Implementation reCommendation (PIC) Different asset-class specific groups create investable portfolio implementation r

suitable to implement RIC allocations. These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. EFTA01477946 Multi Asset Investment Process The Americas Regional Investment Committee refines asset allocations for clients Multi Ass

that provide local flavor with higher granularity and integrate regional investors' preferences. The regional lead allocations serve as basis for Multi Asset Allocation strategies. PIC Portfolio Implementation reCommendation (PIC) Different asset-class specific groups create investable portfolio implementation r

suitable to implement RIC allocations. These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. EFTA01478016 Multi Asset Investment Process The Americas Regional Investment Committee refines asset allocations for clients Multi Ass

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 s

r. 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