Deutsche Bank AG operates as a stock corporation company, which engages in the provision of Corporate Banking, Investment Services, Private Banking, and Asset Management. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment is involved in the Corporate Treasury Services, Institutional Client Services, and Business Banking. The Investment Bank segment includes Fixed Income, Currency Sales and Trading, and Origination and Advisory, as well as other. The Private Bank segment focuses on Private Bank Germany, private and commercial business international, and wealth management business units. The Asset Management segment provides investment solutions to individual investors and institutions through the DWS Group GmbH & Co. KGaA brand. The Capital Release Unit segment covers assets transferred in from Equities Sales and Trading business, lower yielding fixed income positions, particularly in Rates, former Corporate and Investment Bank Non-Strategic portfolio as well as a legacy loan portfolio from the former Private and Commercial Bank in Poland. The Corporate and Other segment refers to revenues, costs and resources held centrally that are not allocated to the individual business segments as well as valuation and timing differences that arise on derivatives used to hedge the groupšs balance sheet. The company was founded by Adelbert Delbrück on March 10, 1870 and is headquartered in Frankfurt, Germany.