Dresdner Bank AG operates as a commercial bank primarily in Germany, other parts of Europe, North America, Latin America, and Asia/Pacific. The bank provides a range of banking products and financial services, including loans and deposits, securities and custody services, payment transactions, capital market products and services, and corporate advisory and corporate finance to private, corporate, and institutional customers. Its Private & Business Clients division offers private clients personalized financial solutions comprising products for asset accumulation, financing, retirement provision, and insurance. This division also provides individual asset management, including retirement provision and financing concepts, as well as financial and asset planning for high net worth private clients; and integrated advice on personal and business finances to the business customers. The bank’s Corporate & Investment Banking division offers commercial banking services, such as lending and deposits, foreign commercial business, securities, and payments, including related e-business activities to corporate customers. This division also provides capital market and investment banking products; and engages in underwriting business, mergers and acquisitions, and structured finance, as well as equities, bond, and derivatives trading. The bank’s Business Services division comprises business processing, information technology, and human resources business support services. As of December 31, 2006, Dresdner Bank had a network of 952 branch offices. The bank was founded in 1872 and is headquartered in Frankfurt Main, Germany. Dresdner Bank AG is a wholly owned subsidiary of Allianz SE.