From: Chip Packard Sent: 11/10/2015 1:22:56 PM To: Paul Morris Subject: RE: Southern Financial IC) Classification: Confidential Thanks, I am sandwiched today and this needs immediate attention so please take up with Gallivan and keep me in the loop. I am not as confident though that we can handle this through investor sales and you guys as this is non-advised business. Let's think this through carefully. Chip Packard Managing Director I Co-Head, Wealth Management Americas Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue. 24th Floor New York, NY. 10154-0004 Tel Fax Email Mobil PASci01-..1 Pedielairt, Securities offered through Deutsche Bank Securities, Inc, From: Paul Morns Sent: Tuesday, November 10, 2015 11:09 AM To: Chip Packard Subject: Southern Financial [C] Classification: Confidential JE called, he requested coverage change, not working with DS, before I reach out to Todd wanted to discuss, between new investor sales/me /Stew we should be able to cover and increase flow business. Paul Morris Managing Director Deutsche Bank Private Bank Office Cell: CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0118891 CONFIDENTIAL SDNY_GM_00265075 EFTA01458803