From: dbcom Sean Magee/db/- To: Chip Packard/db/- dbcom@DBAmericas, Cc: Caroline Kitidis/db/dbcom@DBAMERICAS, Haig Ariyan/db/- dbcom@DBAmericas, Joshua Shoshan/db/dbcom@DBAmericas, Rosemary Vrablic/db/- dbcom@DBAmericas, Zbynek Kozelsky/db/dbcom@DBAmericas Date: PM 11/04/2013 01:17 Subject: Re: [C] Classification: Confidential I don't think Michael would have any qualms about opening a DBAB account if its required. I've had some discussions with him in the past regarding purchasing CLOs via the PIC desk so I don't think it would hurt having an account open on the PCS side. It may be a way to facilitate some more activity from him moving forward... I'll talk to Josh when he returns from a meeting and we'll see what we have to do to get this started. Thanks, Sean EFTA01351652

(Embedded image moved to file: pic08572.gif) Sean Magee, CFPID Vice President I Fixed Income Deutsche Bank Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 (Embedded image moved to file: pic05709.gif) Securities offered through Deutsche Bank Securities Inc. From: dbcom To: dbcom, Chip Packard/db/- Rosemary Vrablic/db/- Cc: Joshua Shoshan/db/dbcom, Caroline Kitidis/db/dbcom, Sean Magee/- db/dbcom, Zbynek Kozelsky/db/dbcom, Haig Ariyan/db/- dbcom Date: AM 11/04/2013 11:53 Subject: Re: [C] EFTA01351653

From a business perspective I am supportive given the importance of the overall PB relationship. From a regulatory perspective, can we do this if he doesn't have an open brokerage account? Sent from my iPad On Nov 4, 2013, at 11:05 AM, "Rosemary Vrablic" wrote: Classification: Confidential > Given the "one bank" approach I keep hearing about, total Bollag investment and deposit assets with AWM (not brokerage) are approx $130 million. Kind regards, Rosemary Vrablic <0.27A.gif> Rosemary Vrablic Managing Director Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue 27th Floor New York. NY 10154-0004 NMLS# 1046752 <0.CD8.gif> Securities offered through Deutsche Bank Securities Inc. Joshua Shoshan---11/04/2013 10:45:40 AM---Classification: Confidential RV, hi. This is not an easy conversation, and Michael has no brokerage From Joshua Shoshan/db/- dbcom EFTA01351654

To: Rosemary Vrablic/db/- dbcom@DBAmericas, Cc: Sean Magee/db/dbcom@DBAmericas, Caroline Kitidis/db/- dbcom, , Zbynek Kozelsky/db/- dbcom@DBAmericas Date 11/04/2013 10:45 AM Subj Re: Fw: [C] ect: Classification: Confidential RV, hi. This is not an easy conversation, and Michael has no brokerage account with us. Please sketch this out for a moment. What are the assets and nature of the business? Best regards, --Josh Joshua Shoshan Director Deutsche Bank Securities Inc. Private Wealth Management - Americas Private Client Services 345 Park Ave, 26th Floor New York, NY 10154 Rosemary Vrablic---11/04/2013 10:33:26 AM---Classification: Confidential EFTA01351655