Multi Asset Investment Process iviuiti Asset Investment Committee (MIC) Investment Process: from global to local The Multi Asset Investment Committee (MIC) good eao auoce;;; currency and du recommenclatiri based on CIO View and single asset class input. The MIC creates a gic view which serves as the basis for regional allocation decisions. Source: Deutsche Bank Wealth Management Deutsche Bank RIC Regional Investment Committees (RIC) exist in Germany. the Americas, EMEA and Asia The committees t‘ rP''tn rnt nn,'-ff'7•I'C':' that provide local flavor with higher granularity and integrate regional investors' preferences. The regional lead allocations serve as basis for Multi Asset Allocation strategies. Portfolio Implementation reCommendation (PIC) Different asset-class specific groups -ible portfolio impler on single security level suitable 'mnlf--,—nn. i- These groups use best in class research and the entire know-how of the group to advise best solutions for Multi Asset clients. 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120896 SDNY_GM_00267080 EFTA01460024