This London company switches money in and out of the yen, euro, Swiss franc and Canadian, Australian and American dollars to take advantage of movements in interest and exchange rates. The ECU Group says customers have entrusted some £900m to it, paying a management fee plus a performance fee based on the interest savings and debt reductions achieved. ECU was founded in 1988 by Michael Petley, Charles Romilly and John Royden. It became a subsidiary of ED&F Man in 2000, with Petley subsequently leading a buyout in 2003. Sales have since grown 130% a year from £585,000 in 2003 to £7.1m in 2006.
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