Goldman Sachs Group, Inc. is a top global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. As of November 25, 2005, Goldman Sachs operated offices in over 20 countries. Goldman Sachs activities are divided into three segments: Investment Banking, Trading and Principal Investments, and Asset Management and securities services. Investment Banking segment is divided into two components: Financial Advisory and Underwriting. Trading and Principal Investments segment is divided into three components: Fixed Income, Currency and Commodities, Equities and Principal Investments.