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i Paul Morris Caroline Kitidis Vahe Stepanian Classification: For internal use only Thanks Team. Yes, we'll absolutely follow up accordingly with Jeffrey and US clients. TDS Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. DeutscheAsset&WealthMarnent IlMor g E-mail:
Caroline Kitidis Subject: Key themes & trades Hi Tazia, Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capit
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betw
trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are easing (eg, Jap
09/25/2014 08:07 Key themes & EFTA01471158 Hi Tazia, Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capit
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betw
that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary pol
trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are easing (eg, Jap
ta Vinit Sahni Paul Morris Caroline Kitidis Hi Tazia, Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capit
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betw
that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary pol
trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are easing (eg, Jap
bject: trades Hi Tazia, 09/25/2014 08:07 Key themes & Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capit
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betw
that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary pol
trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are easing (eg, Jap
25/2014 08:07 AM Subject: Key themes & trades Hi Tazia, Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England EFTA01471167 on the one hand and ECB & Bank of Japan on the other C
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betwe
that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary poli
trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England EFTA01471167 on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are
5/2014 08:07 AM Subject: Key themes & trades Hi Tazia, Here are some trades we're thinking about that Nay suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capit
y suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy betw
that Nay suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary pol
trades we're thinking about that Nay suggested you may wish to highlight to Jeffrey Epstein. Key themes: Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other Continued capital inflows into Asian countries where financial conditions are easing (eg, Jap
9/25/2014 08:07 AM Subjcct:Kcy thcmcs & tradcs Hi Tana, Here are some trades we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: • Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other • Continued
v suggested you may wish to highlight to Jeffrey Epstein. Key themes: • Divergence in monetary policy b
that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: • Divergence in monetary
des we're thinking about that Nav suggested you may wish to highlight to Jeffrey Epstein. Key themes: • Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other • Continued capital inflows into Asian countries where financial conditions are easing (eg,
4 2:18:12 PM To: 'eevacation@ mail.com CC: I I; Vahe Stepanian I ; Paul Morris Vinit Sahni Subject: Fw: Key themes & trades Happy New Year Jeffrey - • Nav Gupta Below please find key themes and trade ideas from Vinit and Nav's DB KCP Global Capital Markets team. In short: - Continue to press
h live levels. Regards, Tazia --- Forwarded by Tazia Smithrdbidbcom on 0929201401:32 PM Key themes: • Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other • Continued capital inflows into Asian countries where financial conditions are easing (eg, J
2014 3:22:30 PM To: Tazia Smith CC: jeevacation r mail.com• Nav Gupta • • Vahe Stepanian ; Vinit Sahni Subject: Re: Fw: Key themes & trades Jeffrey, let us know if you can jump on the phone Monday to discuss ideas? thx Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue,
th live levels. Regards, Tazia Forwarded by Tazia Smantdbedbcom on 0425/2014 01.32 PM -- Key themes: • Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other • Continued capital inflows into Asian countries where financial conditions are easing (eg, J
Entities connected to both Jeffrey Epstein and Fed & Bank of England

Paul Morris
PERSONDeutsche Bank Securities Inc.
ORGANIZATIONVahe Stepanian
PERSON
Bloomberg L.P.
ORGANIZATIONDeutsche Bank Trust Company Americas
ORGANIZATION
Tazia Smith
PERSONDeutsche Bank Private Bank
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATIONCaroline Kitidis
PERSON
Vinit
ORGANIZATION
Shinzo Abe
PERSON
Vinit Sahni
PERSON
Nav Gupta
PERSON
Sahni
PERSON
Eurozone
ORGANIZATIONECB & Bank of Japan
ORGANIZATIONthe Deutsche Bank Research Department
ORGANIZATIONUzair Ageel
PERSONUzair Aqeel
PERSONUzair Acieel
PERSON