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rd Leslie J. Baja Sanjiv Bajaj Rahul Bajaj Anant Bajaj Gerard Baker Douglas M. Baker Jr Member of the Executive Board, European Central Bank. Frankfurt am Main Minister of Finance of Saudi Arabia Chief Executive. Global Banking and Markets Special Duties Officer. Ministry of Federal Capital Ten
onal Resources LLC Japan Japan Japan USA Al Futtaim Trading Group United Arab Emirates ARTOC Group for Investment Egypt and Development The Blackstone Group United Kingdom Bain & Company Inc. USA LVMH Mottt Hennessy - Louis France Vuitton United Way Worldwide The Wall Street Journal The Financial
hairman, Morgan Stanley Dean Witter Richard W. Fisher, former U.S. Deputy trade representative Jorgen Fitschen, Executive committee, Deutsche Bank, Frankfurt Thomas S. Foley (D-WA) L. Yves Fortier, Senior Partner, Ogilvy Renault, Barristers and Solicitors, Montreal; former Canadian Ambassador and Perman
n and Chief Executive Officer Canadian Utilities Ltd., Edmonton Myles Staunton, former Member of the Irish Senate David Stockman, Gen Partner, The Blackstone Group Peter Straarup, Chairman of the Executive Board, Den Danske Bank, Copenhagen Barry F. Sullivan, First National Bank of Chicago Peter Sutherland,
Price Objective Change
rice objective is better than expected ramp up in MCA business, and sooner than expected hike in rates, faster than expected recovery in oil prices. The Blackstone Group (BX) Our price objective (PO) for Blackstone is $29, which results in a target price-to-ENI (P/ENI or P/E} multiple of 12x our 2017 ENI estimate. Our pr
Page: HOUSE_OVERSIGHT_014387 →le regulations. Merrill Lynch he DFSA conduct of business DIFC is authorized and regula rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germ This research report has been prepared and issued by MLPF&S and/or one or more of its non-US
Page: HOUSE_OVERSIGHT_014394 →Entities connected to both Frankfurt and Blackstone Group

Jeffrey Epstein
PERSON
Lesley Groff
PERSON
George W. Bush
PERSON
John F. Kennedy
PERSON
United States
LOCATIONMaria Farmer
PERSON
Prince Charles
PERSON
United Kingdom
LOCATION
Deutsche Bank
ORGANIZATION
Tokyo
LOCATION
Donald Trump
PERSON
Bloomberg L.P.
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Julie K. Brown
PERSON
Norway
LOCATIONLeon Black
PERSON
New Zealand
LOCATION
Geneva
LOCATION
New York
LOCATION
Samantha Power
PERSON