Multi Asset Investment Process A global, consistent and transparent process Multi Asset Investment Process CIO View It Research at Plifflffirr Global Asset Allocation MIC1 (1) MIC = Multi Asset Investment Committee (2) RIC = Regional Investment Committee (3) PIC = Portfolio Implementation recommendation Source: Deutsche Bank Wealth Management Deutsche Bank Portfolio Construction Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management 41 It Quality Management,-,. Client Portfolio 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0073276 SDNY_GM_00219460 EFTA01376840