<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Saturday, February 4, 2017 7:37 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: chinese expert</td></tr></table>

Good , confirms that the best decision now is to shut down this loss m=king operation - refocus here & finish the transformation . In the &nb=p;meantime ,think at a proper Chinese/ Asian strategy

Ariane de Rothschild

On 4 Feb 2017, at 12:26, jeffrey E. sieevacation@gmail.com <mailto:jeevacation@gmail=com» wrote:

They told me today, 1. hk will never allow a =ale to a chinese never. 2. the woman running your=op could not be more wrong. swiss bank backround and n=t well connected. 3. wealth mgmt looked upon as money lauderer=. 4 howevr, you have the best brand by far. 5. transaction based -=bringing asia to europe and providing what they say is everything mo=ey CANT buy. connecting china to Old Europe. . 6=. regulators . would like to have new blood , but not c=inese . 7 i have no suggestions yet. but we can . should rethink e=it plan.

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