Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt.
Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. Dresdner Bank founding consortium consisted of Allgemeine Deutsche Creditanstalt, Leipzig, Berliner Handels-Gesellschaft, Berlin, Deutsche Vereinsbank, Frankfurt am Main, Deutsche Effecten- und Wechselbank, Frankfurt am Main, and Anglo-Deutsche Bank, Hamburg with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. In 1870s, Dresdner Bank acquired smaller regional institutes and several banks. The new branch in Berlin quickly exceeded the office in Dresden; therefore, the registered office moved to Berlin in 1884 leaving the place of jurisdiction in Dresden until 1950. After few new acquisitions, (even the acquisition of founder of Anglo-Deutsche Bank) opened the first international branch in London in 1895. By 1900, Dresdner bank had the largest German branch network. During the First World War, the London branch was forced to close; however, the branch network expanded in overall.
Dresdner Bank AG, together with its subsidiaries, operates as a commercial bank primarily in Germany, other parts of Europe, North America, Latin America, and the Asia/Pacific. It offers a range of banking products and financial services, including loans and deposits, securities and custody services, payment transactions, and trading and capital market services, as well as s life, health, and non-life insurance products to private, corporate, and institutional customers. The bank’s Private & Corporate Clients division offers private clients with personalized financial solutions comprising products for asset accumulation, financing, retirement provision, and insurance; individual asset management for high net worth private clients, such as retirement provision, financing concepts, and financial and asset planning; and advice on personal and business finances for business clients. This division also offers private wealth management solutions, including professional support and end-to-end advisory services; and corporate banking products and services, such as lending and deposits, and foreign commercial business, as well as securities and payments, including related e-business activities. Its Investment Banking division offers a range of investment banking services in the areas of global banking and capital markets. The bank offers strategic consulting, merger and acquisitions, equity finance, credit finance, structured and securitized finance, trade finance, and cash management services for corporate clients, financial investors, and public sector clients. This segment also provides placements, trading, and research services primarily to pension funds, asset managers, and alternative asset managers. As of February 28, 2008, Dresdner Bank had a network of 1,074 branch offices. The company was founded in 1872 and is headquartered in Frankfurt Main, Germany. Dresdner Bank AG formerly operated as a wholly owned subsidiary of Allianz SE. As of January 12, 2009, Dresdner Bank AG operates as a subsidiary of Commerzbank AG.