From: Paul Morris Sent: 12/4/2015 4:05:29 PM To: Todd Stevens [todd.stevens@db.coml Subject: RE: Southern Financial Classification: Public Todd, I think we should figure out together and include Andrew and Chip? Why do you think we should drop coverage from KCP? What should we be doing for our other clients/prospects that have sophisticated investment needs? I'm in Monday and happy to discuss. Have a good weekend. From: Todd Stevens Sent: Friday, December 04, 2015 2:53 PM To: Paul Morris Subject: Southern Financial Classification: Public What do you want to do on change of coverage? I suggest we simply drop coverage from KCP. CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 119042 CONFIDENTIAL SDNY_GM_00265226 EFTA01458910