Exco International was a leading

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

money brokering company. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was once a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest marke ...

but was acquired by

British & Commonwealth Holdings British and Commonwealth Holdings plc was a financial services company which used to be a constituent of the FTSE 100 Index. History The Company was originally established in 1955 when Clan Line Steamers was merged with Union Castle to form The ...

in 1986.

History

The Company was established as a money brokering business in 1965 under the name of ''Astley & Pearce''. It subsequently merged with ''Godsell & Co'', another money brokering business. In 1978 it was the subject of a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...

from ''Gerrard & National'' who previously owned it.Chairman is appointed at Exco International
New York Times, 8 January 1987 It was first listed on the

in 1981. The Company was acquired by

in 1986. When British & Commonwealth Holdings collapsed the business was sold off as ''Exco plc''. In 1998 it acquired Intercapital plc in a

reverse takeover A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

.Numis Corporation Board Changes
/ref> It has now been integrated into the ICAP Group.

References

{{Authority control Financial services companies based in London Financial services companies established in 1965 Financial services companies disestablished in 1998 1965 establishments in England 1998 disestablishments in England Companies formerly listed on the London Stock Exchange