Wealth Management AmericasBNew Business InitiativesBDecember 2018 Prepared for: Oliver Esslinger Prepared on: 12/20/18 Prepared by: Melanie Keefe / BSO EFTA01399265

Insufficient experienced supervisory resources in key control groups across 1st and 2nd lines of defense Distinct need for a qualified, experienced 2nd LoD who will respond promptly and knowledgably with reliable insight and engaged solutions Resource evaluation for DCO / BSO / ORM / Legal / Compliance Insufficient number of qualified licensed supervisors in a number of areas More supervisors are having to delegate more responsibilities and then losing touch with the details Not all have a solid understanding of the regulatory requirements of their role LatAm business increases risks related to complex structures and potential for money laundering BSO Observations 1 EFTA01399266

Overview of WM Statistics Topic Title Title Commentary 1 (Slide 3) RM: 2018 new hires 13 3 Miami, 3 NY, 3 Geneva, 2 Chicago, 1 LA, 1 San Francisco 2 (Slide 4) New Clients / New Accounts 1547 235 LatAm; 1312 USO 3 (Slide 5) Latin America Statistics 235 accounts High 138, Moderate 56, Low 41 4 (Slide 6) Miami Statistics 140 accounts High 61, Moderate 43, Low 36 5 (Slide 7) Temporary Waivers / Exceptions 51 exceptions Approved 47; Overdue 1; Upcoming 1 (No Permanent Exceptions) 6 (Slide 8) Client Acceptance Forum Escalations 2 new clients reviewed Navarro — Accepted Patronato Benefico Oriental of the US - Rejected 7 (Slide 8) Complex Structures 2 Aromatiss and Long Term Insured Credit Fund 8 (Slide 10) Cross Border Training 4 trainings Connect2Learn: 3 online trainings; 1 training delivered remotely EFTA01399267

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Relationship Manager - Hiring Statistics 3 cid:[email protected] EFTA01399269

New Clients / New Accounts 4 EFTA01399270

Latin America Business 5 Observations: Client Risk Program (CRP) issues raised for Venezuelan clientele BIU reports have been ordered to maintain these relationships LatAm clientele with domicile (either UBO or POA) in Netherlands DBSI surrendering broker dealer license in Netherlands 3 Fraud issues raised in 2018 Mons internal fraud identified in 2018 For the last 2-3 years, LatAm teams have not had appropriately licensed supervisors from a broker dealer perspective EFTA01399271

Miami Business 6 EFTA01399272

* Refer to Excel file for details: 1 Temporary Exception Overdue (shown in red) 3 Temporary Exceptions Future Due (in yellow) — Jan 2019 47 Temporary Exceptions already Approved and Deadline Met (in green) 0 Permanent Exceptions Temporary Waivers and Exceptions 7 EFTA01399273

Client Acceptance Forum 8 2 New Clients reviewed in CAF: EFTA01399274

Two KYC's for entities with complex structures Aromatiss (Global Print and Org Chart) Long Term Insured Credit Fund (Global Print and LLC LTICF) Complex Structures 9 EFTA01399275

Connect2Learn trainings (provided to all WM employees): Anti-Financial Crime - KYC Level 2 Policy Version 3.2 Training for WM Staff Delivered remotely on 4/17/18 Compliance - Cross Border Risk Management Training Completion due by 12/9/18 Anti-Financial Crime - Anti-Fraud, Bribery and Corruption Completion due by 12/9/18 Anti-Financial Crime - Anti-Money Laundering, Counter Terrorist and Proliferation Financing Completion due by 1/28/19 Cross Border Training 10 EFTA01399276

Additional Details: Latin America Strategy Approach 11 EFTA01399277

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DBWM_3D-logo_wind energy_en Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level { # } Confidential Confidential EFTA01399279

Click to edit Master text styles Second level Third level Fourth level Fift level { # } Deutsche Asset & Wealth Management EFTA01399280

{ # } Deutsche Asset & Wealth Management EFTA01399281

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Title Slide - two line subtitle \\192.168.2.2\daten\Kunden\DWS DeAWM Deutsche Bank_V2007\Arian_Masterumstellung_DEZ\Logos\Final\DeutscheBankWM_Identifier_- only_RGB.wmf Click to edit Master title style Click to edit Master subtitle style EFTA01399283

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Agenda 02 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master title style EFTA01399285

Section Divider 01 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master text styles Click to edit Master text styles EFTA01399286

Section Divider 02 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master text styles Click to edit Master text styles Click to edit Master text styles EFTA01399287

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Picture and text left and right Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master text styles Second level Third level Fourth level Fifth level Click icon to add picture Click icon to add picture { # } EFTA01399294

Two Content - Click to edit Click to edit Second level Third level Fourth level Fifth level Click to edit Second level Third level Fourth level Fifth level Click to edit Click to edit Click to edit Click to edit { # } content titles and areas Master title style Master text styles Master text styles Master text Master text Master text Master text styles styles styles styles EFTA01399295

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val="0.00000000000000000000E+000"/></m_gveps></- CGridline><CContainerSEGridlineAnchor id="4"><m_grdlnBinding idref="11"/></- CContainerSEGridlineAnchor><CGridline id="11"><m bFixed val="0"/><m eorient val="0"/><m_ecompatfixed val="2"/><m_gveps><m_gvValue val="0.00000000000000000000E+0007></m_gveps></CGridline></root> Navarro CAF Memo Patronato CAF Memo Global Print Aromatiss LLC LTICF Global Print LTICF Aromatiss Org Chart All Cust All EFTA01399302

Accounts Temp Exceptions EFTA01399303