Who is Vahe Stepanian in the Epstein files?

Vahe Stepanian was a Deutsche Bank associate who served on the brokerage team that directly managed Jeffrey Epstein's accounts. He held the title of Associate in the Markets Coverage Group within Deutsche Bank's Asset & Wealth Management division, based at 345 Park Avenue in New York. Deposition testimony identifies him as 'junior on the brokerage side' of the team that handled Epstein's accounts, and he appears in thousands of internal bank documents related to Epstein's portfolio management.

What was Vahe Stepanian's role in managing Epstein's Deutsche Bank accounts?

Stepanian handled operational aspects of Epstein's Deutsche Bank accounts from 2013 onward. Documents show him involved in processing ACAT transfer forms to move Epstein's assets from JPMorgan/Southern Financial to Deutsche Bank, submitting BSO (Brokerage Supervisory Office) exception requests for Epstein's accounts, coordinating options coding with compliance, and facilitating asset transfers. He worked under relationship manager Paul Morris and alongside colleagues Amanda Kirby, Tazia Smith, Jay Lipman, and others.

Did Vahe Stepanian communicate directly with Jeffrey Epstein?

Documents show Stepanian was copied on emails sent directly to Epstein's personal email address (jeevacation@gmail.com), including end-of-day commodities notes and investment materials. While the bulk of documents show Stepanian coordinating internally with the Deutsche Bank team, he was part of the communication chain that included Epstein as a recipient. One email from Stepanian specifically asks about 'what is staying at JPM for Epstein and what will be coming over,' indicating he was actively tracking the Epstein account relationship.

What happened to Vahe Stepanian after Deutsche Bank?

According to FINRA records, Stepanian worked at Deutsche Bank Securities from approximately October 2009 to August 2018, spanning the entire period of Epstein's relationship with the bank (2013-2018). He subsequently moved to JPMorgan Chase as a Vice President and Banker, and later joined Cetera Financial Group. Deutsche Bank was fined $150 million by the New York Department of Financial Services in 2020 for failures related to the Epstein accounts, and paid $75 million in 2023 to settle lawsuits by Epstein's accusers.

Who is Vahe Stepanian in the Epstein files?

Vahe Stepanian was a Deutsche Bank associate who served on the brokerage team that directly managed Jeffrey Epstein's accounts. He held the title of Associate in the Markets Coverage Group within Deutsche Bank's Asset & Wealth Management division, based at 345 Park Avenue in New York. Deposition testimony identifies him as 'junior on the brokerage side' of the team that handled Epstein's accounts, and he appears in thousands of internal bank documents related to Epstein's portfolio management.

What was Vahe Stepanian's role in managing Epstein's Deutsche Bank accounts?

Stepanian handled operational aspects of Epstein's Deutsche Bank accounts from 2013 onward. Documents show him involved in processing ACAT transfer forms to move Epstein's assets from JPMorgan/Southern Financial to Deutsche Bank, submitting BSO (Brokerage Supervisory Office) exception requests for Epstein's accounts, coordinating options coding with compliance, and facilitating asset transfers. He worked under relationship manager Paul Morris and alongside colleagues Amanda Kirby, Tazia Smith, Jay Lipman, and others.

Did Vahe Stepanian communicate directly with Jeffrey Epstein?

Documents show Stepanian was copied on emails sent directly to Epstein's personal email address (jeevacation@gmail.com), including end-of-day commodities notes and investment materials. While the bulk of documents show Stepanian coordinating internally with the Deutsche Bank team, he was part of the communication chain that included Epstein as a recipient. One email from Stepanian specifically asks about 'what is staying at JPM for Epstein and what will be coming over,' indicating he was actively tracking the Epstein account relationship.

What happened to Vahe Stepanian after Deutsche Bank?

According to FINRA records, Stepanian worked at Deutsche Bank Securities from approximately October 2009 to August 2018, spanning the entire period of Epstein's relationship with the bank (2013-2018). He subsequently moved to JPMorgan Chase as a Vice President and Banker, and later joined Cetera Financial Group. Deutsche Bank was fined $150 million by the New York Department of Financial Services in 2020 for failures related to the Epstein accounts, and paid $75 million in 2023 to settle lawsuits by Epstein's accusers.

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Vahe Stepanian

Person

2,591

Total Mentions

2,487

Documents

967

Connected Entities

Financial associate of Epstein appearing in email correspondence

Vahe Stepanian was a Deutsche Bank associate on the brokerage team that directly managed Jeffrey Epstein's accounts from 2013 onward, handling day-to-day account operations including asset transfers, ACAT forms, options coding, and BSO exception requests for Epstein's portfolio.

Stepanian appears extensively in internal Deutsche Bank emails and investment records as a member of the brokerage team servicing Epstein's accounts. He is copied on or sends emails concerning Epstein account logistics — asset transfers from Southern Financial/JPMorgan, ACAT transfer forms, BSO (Brokerage Supervisory Office) exception requests, partial reclaims, and commodities notes sent directly to Epstein's personal email ([email protected]). He worked alongside Paul Morris (the relationship manager who brought Epstein to Deutsche Bank from JPMorgan), Amanda Kirby, Tazia Smith, Jay Lipman, and others on the Deutsche Bank wealth management team. A deposition-related document explicitly notes that Stepanian 'was on the brokerage team that had accounts with JE' and that he 'was junior on the brokerage side.'

Key Highlights

•Explicitly identified in deposition testimony as being 'on the brokerage team that had accounts with JE' at Deutsche Bank
•Directly emailed about Epstein asset transfers, asking 'Did you ever get a list of what is staying at JPM for Epstein and what will be coming over (Southern Financial)?'
•Copied on emails sent to Epstein's personal email address ([email protected]) including end-of-day commodities notes and investment materials
•Involved in BSO exception requests and options coding for Epstein accounts alongside Jay Lipman, Amanda Kirby, and Tazia Smith
•Worked at Deutsche Bank from approximately 2009 to 2018, overlapping entirely with Epstein's time as a Deutsche Bank client (2013-2018)
•Later moved to JPMorgan Private Bank as Vice President, then to Cetera Financial Group

Frequently Asked Questions

Books for Further Reading

Perversion of Justice: The Jeffrey Epstein Story

Julie K. Brown

Investigative journalism that broke the Epstein case open

Filthy Rich: The Jeffrey Epstein Story

James Patterson

Bestselling account of Epstein's crimes and network

Relentless Pursuit: My Fight for the Victims of Jeffrey Epstein

Bradley J. Edwards

Victims' attorney's firsthand account

Document Mentions (20 of 2,487)

EFTA01373833.pdf

EFTA01373833

2 mentions

D thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell > On Jul 13, 2017, at 11:07 AM, vahe Stepanian < > wrote: > • Classification: Confidential > • What is ticker? • Original message > From: Richard Kahn [mailto:ri > Sent: Thursday, July 13

From: Vahe Stepanian [email protected]] Sent: 7/13/2017 11:11:42 AM To: Richard Kahn CC: Stewart Oldfiel ; Darren Indyke -'Jeanne Brennan Subject: RE: (C

EFTA01464589.pdf

EFTA01464589

2 mentions

assets are in-house to begin that process? Happy to help move forward regardless. Thank you, Vahe (Embedded image moved to file: pic21734.gif) Vahe Stepanian Associate I Markets Coverage Group Deutsche Bank Securities Inc. Deutsche Asset s Wealth Management 345 Park Avenue - 26th Floor New Tel. Fax

10:56 AM From: Kevin Quinn/db/dbcom To: Paul Morris/db/dbcom@DBAMERICAS, Cc: Amanda Kirby/db/dbcom@DBAMERICAS, Tazia Smith/db/dbcom@DBAMERICAS, Vahe Stepanian/db/d bcom@DBAMERICAS Date: 09/17/2013 10:14 AM Subject: Re: southern financial/southern trust (I) Classification: For internal use only Amanda

EFTA01470909.pdf

EFTA01470909

2 mentions

Cc: Amanda Kirby < Classification: For internal use only Updated per your request. Thank you, Vahe (Embedded image moved to file: pic23885.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, N

Subject: Re: Epstein Holdings From: Vahe Stepanian < Date: Thu, 11 Sep 2014 15:39:37 -0400 To: Paul Morris Cc: Amanda Kirby < Classification: For internal use only Updated per your request. Than

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EFTA01352196.pdf

EFTA01352196

2 mentions

(between deposits and brokerage). Would appreciate if you could please let us know. Thank you, Vahe (Embedded image moved to file: pic02754.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset a Wealth Management 345 Park Avenue - 26th Floor New York NY

From: Margaux Mcgrath Date: Thu, 08 May 2014 12:11:57 -0400 To: Irina Yablochnik Cc: Amanda Kirby Chris Chao <[email protected]> Paul Morris < Vahe Stepanian Daphne Cales Classification: For internal use only Checking Account Withdrawal - $40k [I] Hi Irina, We spoke to Daphne in banking and she noted

EFTA01461965.pdf

EFTA01461965

2 mentions

From: Sent: To: Subject: Attachments Vahe Stepanian 7/28/2014 1:18:19 PM Paul Morris Re: Mortgage Bonds [CI pic24214.gif; pic24450.gif; pic25800.gif classification: confidential Hi Paul - these a

(and likely street for a bid from 3PM, etc.) that aren't priced accurately on bbg. Thank you, Vahe (Embedded image moved to file: pic24214.gif) vahe Stepanian Associate I wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York. N

EFTA00629877.pdf

EFTA00629877

2 mentions

Thank you, Vahe Client Buys JPY 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August 2016 Tue 02 August 2016 9.6125 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein

indicatively, current two-way market on your JPYKRW forward is 10.47 x 10.49. Original unofficial trade details are below. Thank you, Vahe From: Vahe Stepanian Sent: Thursday, January 14, 2016 1:03 PM To: 'jeffrey E.' Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JP

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EFTA00645672.pdf

EFTA00645672

2 mentions

0.5 bps beginning 5/15/25. Note these are indicative levels - we can provide live levels should you wish to swap. Thank you, Vahe *As of 6/17/15 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein

From: Vahe Stepanian To: Jeffrey Epstein < CC: Daniel Sabba , Ariane Dwyer , Stewart Oldfield < Subject: C Preferreds [SC] Date: Wed, 17 Jun 2015 15:10:14 +0000 ,

EFTA01401786.pdf

EFTA01401786

2 mentions

gement 345 Park Avenue - 26th Floor New York, NY 10154-0004 Tel. +1 (212) 454-1539 Fax +1 (646 257-3131 Mobile Email From: Richard Kahn To: Vahe Stepanian/db/dbcom@DBAmericas, Cc: Amanda Kirby/db/dbcom@DBAMERICAS, Darren Indyke < Date: 04/03/2014 03:55 PM Subject: Re: Enhanced Wire 4-3-2014 yes U

Kirby < Darren Indyke < Classification: Confidential Thanks Rich. Just spoke to Darren to confirm. (Embedded image moved to file: pic07518.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, N

EFTA01479517.pdf

EFTA01479517

2 mentions

Subject: Re: PCTY From: Tazia Smith ‹ > Date: Wed, 19 Mar 2014 10:26:21 -0400 To: [email protected] Cc: Nav Gupta Paul Morris Vahe Stepanian Vinit Sahni Paylocity (PCTY) opens at $31 (+$17/sh), and now you can see it trading (—$27.75 last). Let us know if you want to trade. Thanks, Ta

d EFTA01479518 From: Tazia Smith/db/dbcom To: [email protected], Cc: , Paul Morris, Vinit Sahni/db/dbcom@DBEMEA, Nay Gupta/- db/dbcom@DBEMEA, Vahe Stepanian/db/dbcom@DBAmericas Date: 03/19/2014 09:03 AM Subject: Paylocity (PCTY) Allocation Jeffrey - You were allocated 1,000 PCTY priced at $17. Will post

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EFTA01352207.pdf

EFTA01352207

2 mentions

(between deposits and brokerage). Would appreciate if you could please let us know. Thank you, Vahe (Embedded image moved to file: pic15197.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset a Wealth Management 345 Park Avenue - 26th Floor New Tel.

action. Original Message From: Irina Yablochnik Sent: 05/08/2014 12:19 PM EDT To: Margaux Mcgrath Cc: Amanda Kirby; Chris Chao; Paul Morris; Vahe Stepanian; Daphne Cales Subject: Re: Jeffrey Epstein Personal Checking Account Withdrawal - 540k (I] Classification: For internal use only Daphne, I have

EFTA01350815.pdf

EFTA01350815

2 mentions

aying at JPM for Epstein and what will be co ming over (Southern Financial C us (C) From: Amanda Kirby Date: Wed, 09 Oct 2013 13:30:19 -0400 To: Vahe Stepanian c > Classification: Confidential Just forwarded Original Message From: Vahe Stepanian Sent: 10/09/2013 01:26 PM EDT To: Amanda Kirby Cc: T

and what will be coming over (Southern Financial)? (C) Classification: Confidential Thank you, Vahe (Embedded image moved to file: pic09413.gif) Vahe Stepanian Associate I Markets Coverage Group Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10

EFTA01469616.pdf

EFTA01469616

2 mentions

only Left Rich a vmail to call me back. Moving $170k from SFLLC x804 to SFLLC x161. Thank you, Vahe (Embedded image moved to file: pic01039.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset i Wealth Management 345 Park Avenue - 26th Floor New York, N

and the official trade confirmation(s) or account statements. (Embedded image moved to file: pic13635.gif) From: Amanda Kirby/db/dbcom To: Cc: Vahe Stepanian/db/dbcom8DBAmericas, Paul Morris/db/dbcom8DBAMERICAS Date: 07/09/2014 01:10 PM Subject: Fw: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN

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EFTA01467388.pdf

EFTA01467388

2 mentions

Plan D wt to JEE C From: Vahe Stepanian Date: Fri, 28 Feb 2014 15:20:04 -0500 To: Paul Morris Classification: Confidential FYI... Forwarded by Vahe Stepanian/db/ on 02/28/2014 03:19 PM From: To: Aracely Sanchez/db/ Vahe Stepanian/db/I Date: 02/28/2014 03:18 PM Subject: Re: Fw: Plan D wt to JEE [C]

500 To: Paul Morris Classification: Confidential FYI... Forwarded by Vahe Stepanian/db/ on 02/28/2014 03:19 PM From: To: Aracely Sanchez/db/ Vahe Stepanian/db/I Date: 02/28/2014 03:18 PM Subject: Re: Fw: Plan D wt to JEE [C] Classification: Confidential Yes all set. From: To: Vahe Stepanian/db/I

EFTA01453115.pdf

EFTA01453115

2 mentions

g (at least) a second authorized party to this account. Should we bring relevant paperwork along tomorrow? Thank you, Vahe <Mail Attachment.gif> Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Secunties Inc. Deutsche Asset & Wealth Management From. Amanda Kirb To Date 03/11/2014°5

LLC — All rights reserved. ****************************************************************************************** On Mar 12, 2014, at 11:15 AM, Vahe Stepanian wrote: Classification: Public Good Morning Rich, Unfortunately Jeffrey is currently the only authorized party on the Foundation account, so we wil

EFTA01461766.pdf

EFTA01461766

2 mentions

UR Put / USD Call and buy the 1.38 EUR Call / USD Put, price is 0.09% EUR notional. Thank you, vahe (Embedded image moved to file: pic14810.gif) Vahe Stepanian Associate I wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York, N

nian/db/dbcom@DBAmericaS. Date: 06/06/2014 08:49 AM Subject: Re: EURUSD Pricing [C] zero cost. size recommend? On Fri, )un 6, 2014 at 6:05 AM, vahe Stepanian [email protected]> wrote: Classification: Confidential Good Morning Jeffrey, Two-way pricing below on the EURUSD collar. Note non-farm payro

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EFTA01462916.pdf

EFTA01462916

2 mentions

Subject: Call with JE From: Paul Morris a> Date: Thu, 05 Jun 2014 09:47:57 -0400 To: Amanda Kirby Nav Gupta Tazia Smith Vahe Stepanian Vinit Sahni Rescheduled: Call with JE 06/05/2014 - Chair: Paul Morris/db/dbcom Sent By: Paul Morris/db/dbco Location: Dial In: 1 Code: Pin

In: 1 Code: Pin: Paul Morris Paul Morris has rescheduled this meeting. You have not yet responded. Required: Amanda Kirby/db/ , Tazia Smith, Vahe Stepanian/db/ db/ Description , Nav Gupta/db/- , Vinit Sahni/- EFTA01462916

EFTA01358175.pdf

EFTA01358175

2 mentions

From: Vahe Stepanian Sent: 5/28/2015 3:38:30 PM To: Richard Kahn CC: Daniel Sabba Ariane Dwyer Paul Morris Stewart Oldfield Jeanne Brennan Subject: Monthly TW

/15 5132 8,461.283 ru 03/31/15 50.08 23.898,381 , . 0!,, t,/u, 37-31 12329,491 S-1O 04/20/15 51.40 11,004476 Ms 03730/15 49.89 20,365,393 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL

EFTA01461957.pdf

EFTA01461957

2 mentions

ment, and statements issued by ble for any official trade From: Paul Morris/db/dbcom To: "Jeffrey E." <jeevacationelgmail.com>@DEuBAINT, cc: vahe Stepanian/db/dbcom Date: 07/28/2014 10:30 AM subject: Re: Fwd: AUTO: Tazia smith is out of the office. Please call 212-454-2889 to reach a member of my te

From: Sent: To: CC: Paul Morris Subject: Mortgage Bonds [C) Attachments: pic19196.gif Vahe Stepanian 7/28/2014 10:54:20 AM [email protected] Classification: Confidential Good Morning Jeffrey, Your holdings are as follows: Orig. Quantity CU

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EFTA01352199.pdf

EFTA01352199

2 mentions

l - $40k [I) From: Irina Yablochnik < > Date: Thu, 08 May 2014 12:19:13 -0400 To: Margaux Mcgrath < Cc: Amanda Kirby Chris Chao Paul Morris < Vahe Stepanian Daphne Cales Classification: For internal use only Daphne, I have no authority to overwrite daily limits on banking accounts. I would talk to Ch

(between deposits and brokerage). Would appreciate if you could please let us know. Thank you, Vahe (Embedded image moved to file: pic06707.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset a Wealth Management 345 Park Avenue - 26th Floor New York, N

EFTA01365095.pdf

EFTA01365095

2 mentions

Classification: For internal use only No problem, we didn't get the LOA regardless. Thank you, vahe (Embedded image moved to file: pic32209.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York. N

From: Vahe Stepanian Sent: 3/12/2014 5:02:19 PM To: Zbynek Kozelsky Subject: Re: I put the Epstein wire on hold. Attachments: pic32209.gif; pic02925.gif; pic19379.

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Connected Entities(20 of 967)

Jeffrey Epstein