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Private company

Allco Finance Group

Logo: allco.com.au3

Financial services business

Allco Financial Group was a fully integrated global financial services business, listed on the Australian Securities Exchange 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 A$4.3 billion in assets, and had financed over A$60 billion of transactions.2 It was founded by David Coe.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1979Founded1

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Allco Financial Group was a fully integrated global financial services business, listed on the Australian Securities Exchange 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 A$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 Airline Partners Australia, the consortium that unsuccessfully attempted to buy Qantas. The company is now in liquidation, after previously being in administrative receivership, following difficulties in refinancing debt and a share price fall of 99% since the beginning of the subprime mortgage crisis.2

The story

Founded by David Coe in 1979.1

Allco Financial Group was founded in 1979 by David Coe 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.

Allco listed on the Australian Securities 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. Former Westpac senior executive David Clarke was appointed as the new CEO. Ray Fleming took over the CFO role in June 2008 after Tim Dodd's departure.

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.

In December 2007 Allco led the acquisition by Australian investors of a series of power plants in the U.S. Northeast from Consolidated Edison, owner of New York City's electric utility, for US$1.48 billion.

From Wikipedia’s article on Allco Finance Group, shared under CC BY-SA 4.0.4

Leadership

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Timeline

  1. 1979Founded Founded1

Sources

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