From: Gianni Serazzi Sent: Thursday, March 5, 2015 4:35 PM To: jeffrey E. Subject: Re: Statement Totally agree, it's at the beginning of40=A0their annual report http://www.edmond-de-rothschild.ch/presentation/documents/annual-re=orts/annual-report-2013.pdf <http://www.edm=nd-de-rothschild.ch/presentation/documents/annual-reports/annual-report-20=3.pdf> Page 7, M=ssage from Benjamin and Ariane de Rothschild Someone should proof read at least the main message Plenty of value to be added: unclear branding and =alue proposition communication from their website. <=iv>With your insights and this platform the sky is the limit... G</=iv> On Thu,=Mar 5, 2015 at 5:23 PM, jeffrey E. <jeevacation@gmail.com> wrote: These numbers cannot be right=C2* On Thursday, March 5, 201=, Gianni Serazzi <serazzig@gmail.com <mailto:serazzig@gmail.com> wrote: <=ont face=1-lelveticaNeueLTPro-Th"> The asset management industry is expected to manage USD 100=trillion in assets by 2020, compared with USD 65 billion today 40=AD Do you agree with this statement? It's in =he yearly letter from Rothschild but I am not sure it's accurate =div> Thx </=iv> =C240 please note EFTA_R1_01640125 EFTA02508951 The information contained in t=is communication is confidential, may be attorney-client privileged, ma= constitute inside information, and is intended only for the use of =he addressee. It is the property of JEE Unauthorized use, disclosure=or copying of this communication or any part thereof is strictly prohib=ted and may be unlawful. If you have received this communication in =rror, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.c=m, and destroy this communication and all copies thereof, includ=ng all attachments. copyright -all rights reserved 2 EFTA_R1_01640126 EFTA02508952