RE: Initial thoughts
Kim, Michael
Looking forward to speaking later today. Early afternoon eg 2pm CET would work best.
Here a couple of thoughts - need refinement and challenge...
EFTA01399071
Problem statement:
Find client cases where we rely on some prior decision and do not question a 'borderline' client relationship - example Epstein where clearance was given again and again despite negative media and other alerts always referring back to Packard/Caruso onboarding decision (even though both had long since left DB).
Potential solutions:
Assuming that negative media hits and respective clearances are stored: conduct a fuzzy logic search through all clearance statements looking for phrases such as "as per prior approval", " based on decision by", "...". Any hits to be reviewed by DCO/BI/AFC.
Search the KYC files for unusually senior sign off parties for onboarding in AFC and the business - come up with a way to electronically search for key words, such as " exception referral", "regional AFC Head", maybe a list of names like prior AFC Heads, Business Heads, COOs.
...?
EFTA01399072
Speak later,
Wolfram
Wolfram Lange
Managing Director I Divisional Control Officer
Deutsche Bank Wealth Management
The Zig Zag Building, SW1E 6SQ, London, United Kingdom
Tel. +44 20 754-59487
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Michael
Does 2pm CET work for you (3pm Frankfurt/9am NY)? If yes, I will send
invite.
Kimberly Hart
Managing Director I Divisional Control Officer
Wealth Management Americas
Deutsche Bank Trust Company Americas
345 Park Avenue, New York, NY 10154
Tel. +1 212 454-2877
Fax +1 646 863-9809
Mobile +1
Email
Securities offered through Deutsche Bank Securities Inc
It is actually 2pm Frankfurt time, ie CET = Frankfurt
Wolfram Lange
Managing Director I Divisional Control Officer
EFTA01399070
Deutsche Bank Wealth Management
The Zig Zag Building, SW1E 6SQ, London, United Kingdom
Tel. +44 20 754-59487
Mobile
So you are free to speak in 5 minutes?
Michael — Are you free?
We can use my dial-in:
Internal Phone and VC Devices: 88088 4542877; Participant PIN: 972783; External 1 973 631 2000
Internal Phone and VC Devices: 88088 4542877
Participant PIN: 972783
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Choose country location below for dial-in
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Surrounding text: Then enter number: 88088 4542877
EFTA01399069
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Kimberly Hart
Managing Director I Divisional Control Officer
Wealth Management Americas
Deutsche Bank Trust Company Americas
345 Park Avenue, 14th floor, New York, NY 10154
Tel. +1 212 454-2877
Fax +1 646 863-9809
Mobil ea
Email
Securities offered through Deutsche Bank Securities Inc.