Dresdner Kleinwort is a boutique investment banking firm that offers financial advisory services. The firm provides mergers and acquisitions, strategic alliances, equity and debt underwriting, sales and trading, derivatives, equity research, and valuation services. Additionally, it offers financing and securities management, private placements and IPO (Initial Public Offering) advisory, capital sourcing, and loan syndication services. Dresdner Kleinwort caters to corporate, finance, telecommunication, media, technology, energy, power, and retail sectors. The firm, formerly known as Dresdner Kleinwort Wasserstein, is based in London, United Kingdom with additional offices in Frankfurt, Germany; New York, New York; Shanghai, China; Singapore, Singapore; Dubai, United Arab Emirates; Mumbai, India; and Johannesburg, South Africa. Dresdner Kleinwort operates as a subsidiary of Allianz SE.