From: Paul Morris [ Sent: 6/30/2015 2:38:20 PM To: Todd Stevens Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential Yes I agree I asked Vahe at 8.56 this am why aren't we using the AWM channel?, what do you think pros/cons of AWM vs. CB&S? Paul Morris Managing Director Deutsche Rank Private Bank From: Todd Stevens Sent: Tuesday, June 30, 2015 2:30 PM To: Paul Morris Subject: FW: southern financial - CB&S FX feedback [C] Classification: Confidential Fyi.. our fx team is more like a high speed treadmill. Frequent repricings and small size doesn't fit into their slipstsream well. From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:26 PM To: Todd Stevens Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential It makes sense going forward, We did it through CB&S this time as they provided the initial idea. From: Todd Stevens Sent: Tuesday, June 30, 2015 2:22 PM To: Daniel Sabba Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential Lets route this through Caleb next time. Thoughts? From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:21 PM To: Todd Stevens Subject: southern financial - CB&S FX feedback [C] Classification: Confidential Todd, CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 117417 CONFIDENTIAL SDNY_GM_00263601 EFTA01457747