KBW has a longstanding reputation for providing superior service and creative ideas to our clients in the financial services sector. Our firm's traditions, values and experience are devoted to one goal ' meeting the needs of our clients. We have built our business and reputation on the high quality of our research. Our analysts follow over 600 financial services companies ranging from the largest financial services companies ' to hundreds of mid- and small-cap companies. KBW's breadth and depth of research coverage is unparalleled and provides our firm with a unique perspective of the financial services sector. Because of our singular focus, the resources we devote to the financial services sector match or exceed those of the largest investment houses. We embrace the latest technology and encourage our employees to be entrepreneurial and innovative. Likewise, we are quick to respond to the needs of our clients and seize opportunities whenever they may arise. KBW is headquartered in New York City and we have regional offices across the United States, which enables our professionals to serve our clients in each region of the country. Additionally, KBW serves clients based in Europe through Keefe, Bruyette & Woods Limited, located in London, and in Asia through Keefe, Bruyette & Woods Asia Limited, located in Hong Kong and Tokyo.