Exco International

Former type	Public
Fate	Acquired
Successor	ICAP
Founded	1965
Defunct	1998
Headquarters	London, UK
Key people	Richard Lacy (Chairman)
Industry	Money brokering

Exco International was a leading British money brokering company. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by British & Commonwealth Holdings in 1986.

[edit] History

The Company was established as a money brokering business in 1965 under the name of Astley & Pearce.^[1] It subsequently merged with Godsell & Co, another money brokering business.^[2]

In 1978 it was the subject of a management buyout from Gerrard & National who previously owned it.^[3] It was first listed on the London Stock Exchange in 1981.^[2]

The Company was acquired by British & Commonwealth Holdings in 1986.^[3]

When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc in a reverse takeover.^[4] It has now been integrated into the ICAP Group.

[edit] References