Several financial institutions and banks have headquarters in Copenhagen, including Alm. Brand, Danske Bank, Nykredit and Nordea Bank Danmark. The Copenhagen Stock Exchange (CSE) was founded in 1620 and is now owned by Nasdaq, Inc.. Copenhagen is also home to a number of international companies including A.P. Møller-Mærsk, Novo Nordisk, Carlsberg and Novozymes. City authorities have encouraged the development of business clusters in several innovative sectors, which include information technology, biotechnology, pharmaceuticals, clean technology and smart city solutions.