136:
Allco listed on the
Australian Stock Exchange in 2006 after merging with Record Investments, which was set up by Allco as its listed investment vehicle in 2001. At the time of listing, the merged entity was valued at A$ 3billion. Mr Tim Dodd, previously CFO of the BT Financial Group was appointed as
159:
caused major problems for the company, prompting investor concerns about rising debt levels and causing Allco to refocus its operating model to within business sectors it knew well. Chairman David Coe and two other directors, Gordon Fell and David
Turnbull, resigned from the board in March 2008.
132:
to originate and arrange structured finance transactions for aircraft, ships and rolling stock. Over the years, Allco grew to provide funding for other services, including infrastructure and commercial finance. Allco operated globally and employed over 500 people.
29:
167:. The company went into voluntary administration on 4 November 2008, at the request of its directors. Major news agencies ran the details of the first major victim of the credit crisis in tandem with the fall of
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Infrastructure – Ownership of various facilities, including power generation (including wind), waste water treatment, pipelines, port facilities and energy distribution facilities
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and headquartered in Sydney. Major services provided were structured asset finance, funds management and debt and equity funding. At one stage before liquidation, Allco had over
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In
December 2006, Allco, along with several other firms, formed the Airline Partners Australia consortium as a bidding vehicle to Qantas although the deal failed in May 2007.
137:
chief financial officer in 2006 and former
Westpac senior executive David Clarke as the new CEO. Ray Fleming took over the CFO role in June 2008 after Tim Dodd's departure.
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4.3 billion in assets, and had financed over A$ 60 billion of transactions. In its most visible public transaction Allco was a part of
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Aviation – Allco owned or managed 54 commercial jet aircraft, with another 40 on order. Most were on lease to carriers such as Qantas
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In
December 2007 Allco led the acquisition by Australian investors of a series of power plants in the U.S. Northeast from
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David Coe died of a suspected heart attack in Aspen, Colorado, US, 21 January 2013.
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368:"Australia's Allco Finance executives lose 14.2 percent stake to banks – report"
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Shipping – Allco owned or managed 38 shipping vessels with another 23 on order
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was a fully integrated global financial services business, listed on the
147:, owner of New York City's electric utility, for US$ 1.48 billion.
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Property – Ownership of over 117 major properties in 8 countries
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List of banks acquired or bankrupted during the Great
Recession
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409:
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Banks seized 14% of the company's shares after it defaulted on
108:. The company is now in liquidation, after previously being in
319:"Allco to Acquire Con Edison Plants for .48 Billion (Update1)"
182:
Allco invested in many different offerings, mainly in the
694:
Dodd–Frank Wall Street Reform and
Consumer Protection Act
196:
Rail – Allco owned over 3100 railcars and 29 locomotives
287:"Allco calls in former banker for transformation scene"
805:
National fiscal policy response to the Great
Recession
104:, the consortium that unsuccessfully attempted to buy
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Financial services companies disestablished in 2008
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924:(Europe, Middle East and North Africa, Asia; 2009)
1039:Defunct financial services companies of Australia
1029:Financial services companies established in 1979
775:American Recovery and Reinvestment Act of 2009
640:Office of Federal Housing Enterprise Oversight
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257:"Record-Allco decision to go to shareholders"
124:Allco Financial Group was founded in 1979 by
8:
699:Emergency Economic Stabilization Act of 2008
307:. Australian Associated Press. 18 June 2008.
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1049:Australian companies disestablished in 2008
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790:Fraud Enforcement and Recovery Act of 2009
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714:Term Asset-Backed Securities Loan Facility
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970:Effects of the Great Recession on museums
800:Housing and Economic Recovery Act of 2008
684:China–Japan–South Korea trilateral summit
338:"Three Allco Finance Directors to Resign"
1044:Australian companies established in 1979
664:Government policy and spending responses
630:Government National Mortgage Association
724:2008 United Kingdom bank rescue package
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128:, a former partner of Sydney law firm
709:Temporary Liquidity Guarantee Program
679:Banking (Special Provisions) Act 2008
600:Federal Deposit Insurance Corporation
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595:Consumer Financial Protection Bureau
83:David Clarke, Chief executive Office
885:Collateralized mortgage obligations
401:Airline Partners Australia website
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980:2007–2008 world food price crisis
780:Chinese economic stimulus program
765:2008 European Union stimulus plan
689:Commercial Paper Funding Facility
232:. 4 November 2008. Archived from
1008:List of countries by public debt
635:National Asset Management Agency
305:"Ray Fleming is Allco's new CFO"
963:2008 Central Asia energy crisis
880:Collateralized debt obligations
770:2008–2009 Keynesian resurgence
615:Federal Housing Finance Agency
610:Federal Housing Administration
336:Susan Murdoch (4 March 2008).
224:"Allco goes into receivership"
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785:Economic Stimulus Act of 2008
719:Troubled Asset Relief Program
645:Office of Financial Stability
620:Federal Housing Finance Board
554:Société Générale trading loss
285:John, Danny (23 March 2007).
704:Irish emergency budget, 2009
255:Murray, Lisa (3 May 2006).
110:administrative receivership
16:Financial services business
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1003:2007–2008 financial crisis
895:Mortgage-backed securities
506:Automotive industry crisis
102:Airline Partners Australia
81:David Coe, Company Founder
993:
900:Secondary mortgage market
821:rescues, and acquisitions
819:Government interventions,
810:Zero interest-rate policy
658:
521:Housing market correction
94:Australian Stock Exchange
26:
918:(United States; c. 2009)
650:UK Financial Investments
535:Banking losses and fraud
526:Subprime mortgage crisis
511:California budget crisis
157:subprime mortgage crisis
130:Mallesons Stephen Jaques
114:subprime mortgage crisis
936:(worldwide; 2011–2012)
875:Auction rate securities
605:Federal Home Loan Banks
625:Federal Reserve System
499:United States-specific
975:Decline of newspapers
922:2009 May Day protests
868:and financial markets
758:Stimulus and recovery
186:and transport areas:
90:Allco Financial Group
998:European debt crisis
890:Credit default swaps
866:Securities involved
672:stability and reform
958:2000s energy crisis
670:Banking and finance
588:Government entities
325:. 11 December 2007.
171:the following day.
145:Consolidated Edison
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22:Allco Finance Group
940:Occupy Wall Street
916:Tea Party protests
574:Scott W. Rothstein
236:on 7 November 2008
40:Financial services
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985:Retail apocalypse
930:(MENA; 2010–2012)
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733:Bank stress tests
155:Fallout from the
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909:Social responses
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344:. Archived from
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951:Related topics
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564:Bernie Madoff
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371:. Retrieved
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350:. Retrieved
346:the original
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293:. Melbourne.
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263:. Melbourne.
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238:. Retrieved
234:the original
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169:ABC Learning
165:margin loans
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62:Headquarters
18:
928:Arab Spring
837:Non-banking
569:Tom Petters
57:liquidation
1023:Categories
240:5 November
207:References
77:Key people
547:Tom Hayes
444:By region
323:Bloomberg
126:David Coe
70:Australia
844:Chrysler
456:Americas
184:property
36:Industry
490:Oceania
483:Iceland
373:8 March
352:8 March
291:The Age
261:The Age
120:History
46:Founded
478:Europe
451:Africa
106:Qantas
66:Sydney
745:U.S.
473:Asia
375:2008
354:2008
242:2008
54:Fate
49:1979
98:A$
1025::
740:EU
340:.
321:.
289:.
259:.
226:.
215:^
116:.
68:,
429:e
422:t
415:v
377:.
356:.
244:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
