Subject: RE: plannin email for Patrick
Subject: RE: plannin email for Patrick
From: Steven Mattus
Date: Mon, 25 Jun 2018 20:15:29 -0400
To: Stewart Oldfield ‹ >
If you send it before it is unlikely he will have a chance to read it.
Probably just send it to him after or better yet bring a printed copy to
your meeting and leave it with him.
Steven Mattus
From: Stewart Oldfield
Date: Monday, Jun 25, 2018, 7:39 PM
To: Steven Mattus
Subject: Re: planning email for Patrick
Thanks. You think it's better to send before or after I sit with him?
Stewart Oldfield, CFA, CAIA
Director
Deutsche
Deutsche
345 Park
Tel.
Mobi
Email Bank Trust Company Americas
Bank Wealth Management
Avenue. New York, NY 10154
Securities offered through Deutsche Bank Securities Inc.
On Jun 25, 2018, at 6:41 PM, Steven Mattus wrote:
This is a great start! Reads like a CS MD application. Curious to hear what
Patrick thinks, and if anything else is needed.
Thanks for sharing.
Best,
EFTA01419331
Steve
Steven Mattus
[email protected]
From: Stewart Oldfield ffi
Date: Monday, Jun 25, 2018, 5:19 PM
To: Steven Mattus
Subject: planning email for Patrick
As discussed. Please let me know what you think. Thanks for your help and
guidance as always
Career overview:
20yrs in banking overall
16yrs investment banking/capital markets (JPM and CS)
4 yrs private banking (DB)
CFA and CAIA charterholder. Series 7,9,10,24,63 licenses
JP Morgan Investment Bank (1998-2002)
Debt capital markets/structured credit
Credit Suisse Investment Bank (2002-2014)
Equity derivatives, structured investments, liquid alternatives
Covered private clients (via CS private bank) for 12yrs
Ran single stock hedging business for 10yrs (2005-2014)
Ran structured notes distribution to private bank (2007-2011)
Led US sales effort of liquid alternative/quantitative strategies
to family offices, insurance companies, pensions and fund-of-funds
(2010-2014)
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Deutsche Bank (2014 to present)
Had 2 competing DB offers in 2014 — Investment Banking
(derivatives) and Asset Mgmt (liquid alts). Sought advice from Chip
Packard, whom I had known for 12yrs
Chip instead recruited me to join private bank, which was trying
to become more investments -focused. Joined October 2014.
I was initially teamed up with Paul Morris, who had joined from
JPM 2yrs prior and was struggling. KCP was fairly new in 2014 and ISG was
not yet formed.
Paul had limited success and was asked to leave in 2016.
At various times here, I have been offered positions as head of
ISG or member of KCP
Have never sold a share of DB stock
Financial progress:
2014 revenues (Paul Morris)— $0.9mm
2015 revenues (combined w/ Paul) — $1.3mm
2016 revenues (w/ Paul until May) — $1.6mm
2016 NNA — negative. After winning $100mm in CDs, lost all during DOJ crisis
2017 revenues (Stew alone) - $1.7mm ($2.5mm exit run rate)
2017 NNA - $112mm
2018 revenues - $4mm annualized
2018 NNA - $211mm
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Client highlights:
Third Lake — had major relationship breakthrough in 2016. Won $107mm in
deposits in DBTCA across 18 accounts. All deposits and 16 accounts were
gone by the end of the year due to the DOJ news (the two remaining open
accounts had less than $1 in them). Family CIO also left in 2016. Rebuilt
trust in DB throughout 2017. Opened 37 new accounts in 2017, ending year
with $82mm in DBNY deposits. Have opened 16 more accounts for third
generation of family and gained another $40mm in 2018. Total assets here
are $122mm.
Ashley Furniture — strong relationship with founding family (Wanek/Third
Lake) led to introduction to corporate treasury staff. Won $175mm mandate
for long-dated DBNY CDs
Southern Financial — one of the most complicated client situations I've
seen. They have been extremely vocal about our lack of trading capabilities
since I joined. Withdrew large portion of assets during 2016 (not DOJ
related). Client was offboarded by Global markets at the end of 2016 due to
lack of profitability. Further internal issues nearly caused us to offboard
the client completely. Client was quite close to Paul and viewed his
departure as a negative. I've managed to salvage and massively improve this
relationship in the last two years. To start, we won $50mm of deposits into
DBNY in 2017. We've also turned around the GM/trading issues via KCP.
Client has been re-onboarded and ISDA reestablished, and is now the largest
trading counterparty of the KCP capital markets group. Current balances are
—$230mm across brokerage and deposits.
MCM — Worked closely with Terri and KCP to win fundraising mandate.
Successfully convinced KCP to take on the 3PI mandate. After introduction
was complete, worked to establish credit line with DB structured credit
group. MCM has also been mandated by DB to assist with DOJ consumer relief
settlement.
Internal DB highlights:
Banker partnerships — In 2017 I began to work more closely with Terri Sohrab
which led to success with MCM and greater collaboration on several other
accounts. My background and skill set are complementary to Terri's and we
work well together. I've also worked a bit with Heather Kirby and Bruce
McDermott. Recently, I've been working with Rosemary Vrablic and her team
on an insurance premium finance trade for two of her clients, referred to
the bank by one of my close relationships. Other bankers continue to seek
EFTA01419334
me out to help on certain situations and I'm known as a team player. I
think this is especially important in the current environment at the bank.
Internal networks — I've become quite involved with our NextGen network and
will continue to contribute to those efforts. I've sent clients to NextGen
events since 2016 and attended the Innovation Summit with a client in 2017.
Based on my involvement last year, I am part of the steering committee for
2018. I've helped Sarah with parts of the New York events and have
discussed taking on a broader role with Paula Pullano. Finally, I've been
involved with a global DB branding focus group. Corporate culture is very
important to me and I would like to continue to get more involved.
MDs who should be supportive of promotion
Management:
Salman Mahdi
Steve Mattus
Kim Hart
Andrew Gallivan
Wealth Planning:
Sam Petrucci
ISG:
Coley Jellinghaus
KCP:
Todd Stevens
Dan Kaiser
Xavier Avila
EFTA01419335
Tazia Smith
Daniel von Heyl (CFP)
DPM:
Larry Adam
Paul Bartilucci
Credit:
Tom Clarke
Nick Haigh
Laura Farischon
Pete Ferrara
Deposits:
Charlie Burrows
Bankers:
Terri Sohrab
Bruce McDermott (based on KCP experience)
Heather Kirby
Deirdre Judge
Rosemary Vrablic
CIB:
Several, can discuss
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Marketing:
Paula Pullano
Would like to get to know better:
Fabrizio Campelli
Balaji Prasanna
Caroline Kitidis
Bernd Amlung
Christian Notting
Deepak Puri
James Pereira -Stubbs
Others?
<image003.png>
Stewart Oldfield, CFA, CAIA
Director
Deutsche Bank Trust Company Americas
Deutsche Bank Wealth Management
345 Park Avenue New York, NY 10154
Tel.
Mobi
Email
Securities offered through Deutsche Bank Securities Inc.
EFTA01419337
📷 Images in this document (7 detected; 6 largest described)
AI-generated factual descriptions of embedded images (llava:13b). These are searchable across the corpus.
[Image 1] The image shows a text document with a list of bullet points. The text is too small to read in detail, but it appears to be a summary or notes from a meeting or a report. The document is structured with headings and subheadings, indicating a formal or professional context. The content seems to be related to business or organizational matters, as suggested by the use of terms like "financial," "rel
[Image 2] The image appears to be a photograph of a printed document, specifically a financial report or statement. The document contains text and numerical data, including figures for revenue, expenses, and other financial metrics. There are also references to specific individuals and companies, such as "Paul" and "D&H." The text is too small to read in detail, but it seems to be a formal report or stateme
[Image 3] The image shows a document with text, which appears to be a resume or a professional profile. The document includes sections such as "Career Summary," "Education," "Certifications," and "Skills." There are bullet points listing various achievements, qualifications, and skills. The text is too small to read in detail, but it seems to be a formal document with a structured layout. There are no visib
[Image 4] The image shows a screenshot of an email conversation. The email is from a sender named "Stewart Widdifield" to a recipient named "Steven Nales." The email is dated "Mon, 21 May 2018 09:59:00 GMT." The subject line of the email reads "Subject: Planning for Patrick." The body of the email contains a message that seems to be discussing plans for someone named Patrick. The email also includes a note
[Image 5] The image shows a text document with a list of names, likely representing a team or group of individuals. The document appears to be a professional or organizational communication, possibly related to a team or project. The names are listed in a structured format, suggesting a formal or official context. The content of the document is not visible in the image provided.
[Image 6] The image appears to be a photograph of a printed document, possibly a list or a directory. The text is too small to read clearly, but it seems to contain names and possibly titles or roles associated with each name. The document is presented in a portrait orientation and is slightly angled to the left. The background is not visible due to the focus on the document.