Americas Wholesale Banking Growth and M&A Advisory

Technology Strategy Co • Build a strong and scalable platform foundation • Cloud-first strategy for automation and speed Investments in Technology $ Rebalance core technology spending towards modernization Maintain consistent investment in technology 11.9% Tech expense 10.1% as % of revenue 7.8% $1,200 $2,430 $3,710 2010 2015 2020 Tech expense (in $millions) . Common systems Software re-use, best practice-sharing • Consistent software design Customer-focused micro-services Analytics on real-time data • Strong cyber-security foundation 15 15

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