Subject: RE: KYC Breach SOUTHFINANMD Southern Financial, LLC_FFT Location [I] From: Xavier Avila Date: Tue, 17 Apr 2018 14:58:46 -0400 To: Mathew Negus Nina Tona Cc: Ian Salters Martin Zeman Daniel-E Kaiser Lets set up call Thursday. It's basic access to booking trades and being able to do our sales job. If we canot do that, I would love to hear what is GM plan B, we go back to relying on ICG to help? That model does mot work anymore (includding because of Project Mercury), we are not supposed to be WM, otherwise we become a concierge function with no trading capabilities and with a one off credit trade here and there, it does not work. Alternatively, we build our own world in WM, but whatever it is we need to decide and soon what is our trading operating model cause I need to deliver 100mio PNL and I need the basic infrastructure to achieve that. Xavier Avila Managing Director Deutsche Bank Securities Inc +1 From: Mathew Negus Date: Tuesday, Apr 17, 2018, 09:44 To: Xavier Avila , Nina Tona Cc: Ian Salters , Martin Zeman Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only Yep Thursday let's catch up. There is a Council call today so I'll get some feedback on system access. This doesn't have the green light yet, GM silo'd so I expect it will be a difficult sell to give WM access to all GM systems. EFTA01399702