From: Stewart Oldfield (
Sent: 3/1/2019 4:16:46 PM
To: Peter Marone
CC: Leslie Roth I I; Maria-Cristina Rado I I; Donna Kerrigan
Subject: RE: Commentary on February flows (I]
Classification: For Internal use only
The bank decided to exit the client relationship. Thanks
From: Peter Maroney
Sent: Friday, March 01, 2019 3:57 PM
To: Stewart Oldfield <
Cc: Leslie Roth < >; Maria-Cristina Rado <
Subject: Commentary on February flows
Hi Stewart,
I work in Wealth Management Business Performance Management and every month we collect commentary on the
large flows. Last week we see client Southern Financial had a $61.8M outflow from brokerage. Can you provide a brief
comment on that outflow.
Specific things we are looking for:
Did client withdraw assets due to negative DB headline?
Is this normal course of business (client paying taxes....)?
Is this expected to be temporary (client withdrew funds for temporary liquidity but we expect an inflow in the near
future)?
Thanks,
Peter Maroney
WM Americas
Deutsche Bank
14th Floor
4 P k v
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