Evolution Securities is evolving as it builds upon its reputation as a leading investment bank for small and midcap companies in the UK. The primary operating subsidiary of The Evolution Group, the firm provides IPO underwriting, corporate finance, market making, equity research. and brokerage services. A founding member of EASDAQ (now Nasdaq Europe), Evolution Securities has underwritten many of that exchange's offerings. In addition to investment banking activities, Evolution Securities manages assets for private clients through Williams de Broe (acquired in 2006) and offers hedge fund investments. The company also has an investment banking and brokerage subsidiary in China.