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egura-Cayuela Europe Economist Mark Capleton Rates Strategist MLI Athanaslos Vamvakklls FX Strategist Sphia Salim Rates Strategist MLI KIK) Kamal Sharma FX Strategist MLI MLI Myria Kyriacou FX Strategist MLI Rualtt Houdhane Rates Strategist Global Emerging Markets David Hauner. CFA EEMEA Cross
na): Merrill Lynch Argentina SA, regulated by Conisien Nacional de Vetoes; Memll Lynch (japan): Merrill LynchJapan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul": Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service, Memll Lynch (Taiwan)
: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_010614 →LI (UK) +44 20 7995 6118 [email protected] Athanasios Vamvakidis FX Strategist MLI (UK) +44 20 7995 0790 [email protected] N Kamal Sharma FX Strategist MLI (UK) +44 20 7996 4855 [email protected] Myria Kyriacou FX Strategist MLI (UK) +44 20 7996 1728 [email protected] Rua
Page: HOUSE_OVERSIGHT_010616 →Investment Strategy
18 variance swap Benjamin Bowler Long SX5E short SPX Dec 18 variance spread Abhinandan Deb Eurostoxx 2y/3y put calendar Abhinandan Deb Short EUR/SEK Kamal Sharma Long USD/CNY call Claudio Piron FX Short GBP/USD Kamal Sharma Long USD/AUD lan Gordon Long RUB/ZAR David Hauner 2s-5s-10s fly Shyam S.Rajan Fixed Inc
Page: HOUSE_OVERSIGHT_014433 →): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_014457 →S [email protected] [email protected] Mark Cabana, CFA Rohit Garg MLPF&S Merrill Lynch (Singapore) [email protected] [email protected] Kamal Sharma MLI (UK) ksharma32 @baml.com What if populism is too popular? ¢ G10: Short inflation/long duration through US 3-year 0% US inflation floors as stimu
Page: HOUSE_OVERSIGHT_014752 →: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both Kamal Sharma and the Financial Services Agency

Frankfurt
LOCATIONthe Capital Market Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Seoul
LOCATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION
Merrill Lynch
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
Donald Trump
PERSON
Malaysia
LOCATIONMerrill Lynch Argentina SA
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION