Founded in 1902, the Daiwa Securities Group is one of the largest independent, full-service securities groups in Japan. Through its global network, the group provides a broad range of financial services to its clients, including wealth management and support for corporate business operations. Its core business includes brokerage, development and distribution of financial products (including equity, bonds and derivatives), underwriting of equity, bond and other securities, merger and acquisition advisory services, asset management, and principal investment. It has operational bases around the world, including in Japan, the United States, Europe, Asia and Oceania. About 16,000 employees work for group companies worldwide.