Michael Friedrich

Volksbank Karlsruhe eG (Investment Management) (Volksbank Karlsruhe-IM) is the investment management division of Volksbank Karlsruhe eG, a cooperative bank headquartered in Karlsruhe, Germany. The firm was founded in 1858 and is a subsidiary of Volksbank Pforzheim eG. Volksbank Karlsruhe-IM provides investment advice and solutions to various types of clients.

Dresdner Bank AG (Private Banking) is the private banking operation of Commerzbank AG (Private Wealth Management), a division of Commerzbank AG (FR: CBK) in Germany. The bank was established in 1872 and was part of Allianz SE (FR: ALV) from 2001 until it was acquird by Commerzbank in 2008. Based in Frankfurt, Dresdner Private Banking provides asset management services, including estate planning and tailored financial products for high-net worth individuals.