Epstein File EFTA01826708: Jes Staley, Peter Mandelson and Client (DS10)

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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01826708: Jes Staley, Peter Mandelson and Client (DS10)

CorrespondenceDate unavailableEFTA018267081 keyword hits

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This document is correspondence dated March 30, 2010, from Jes Staley to Peter Mandelson discussing commercial banking, fiduciary asset management, client holdings, and securities transactions. The communication addresses bank ownership of asset managers, diversification strategies, and hedging requirements for client transactions, with references to legal privilege and confidentiality.

👤 Named in This Document

Jes Staley Peter Mandelson

🔑 Evidence Keywords

client privilege BlackBerry asset

📋 Key Excerpts7

PersonKeyword

Excerpt 1

Commercial Banks have been managing **client** assets for over 100 years and this fiduciary role has withstood both time and evolutionary change in **client**

Excerpt 2

Prohibiting bank ownership of asset managers is unnecessary and eliminates a source of prudent diversification for **client** holdings and long-term profit

Excerpt 3

**Client** transactions frequently require long duration hedges or hedges that can only approximate underlying positions.