With headquarters based in Frankfurt, Deutsche Bank is Germany's leading private bank, with a strong presence in Europe, America, and Asia-Pacific. The bank largely maintains its roots in Germany, where 30% of total banking revenue is driven. With the new updated business restructuring the bank's business model will be based on three main divisions: Corporate & Investment Bank, Private & Commercial Bank, and Deutsche Asset Management. The bank is looking to IPO a minority stake in the asset management business within two years.