Swedbank AB provides financial products and services. It operates through four segments: Retail, Large Corporates and Institutions, Baltic Banking and Asset Management. The Retail segment includes savings banks cooperation, telephone and internet banking, and customer offerings and products. The Large Corporates and Institutions segment is responsible for large corporates, financial institutions, and banks as well as for trading and capital market products. The Baltic Banking segment offers products and banking services including life insurance and leasing in Estonia, Latvia, and Lithuania. The Asset Management is involved in fund management and institutional and discretionary asset management. The company was founded by Eduard Ludendorff on October 28, 1820 and is headquartered in Stockholm, Sweden.