Excon Worldwide, Inc. is a Toronto-based Canadian energy, commodities, equity and service company with other offices around the world. Its main location is Toronto, Ontario, Canada. The group consists of many offices and specialized international subsidiaries. Excon Worldwide has over seven thousand employees across North America and participates in markets around the world, including Canada, the United States, Britain, Australia, New Zealand, Asia and the Middle East. Excon Worldwide has offices around the world including Toronto, Los Angeles, Las Vegas, New York City, Houston, Texas and Hong Kong.
Brand Excon Worldwide, Inc. used by the commodity trading division. Mortgages, insurance, and real estate development divisions are managed under different brands. The only subsidiary that used the same name after it was acquired by Excon Worldwide, Inc. is Cannix Energy Corporation and Excon Online.
Excon Worldwide is one of the largest commodity trading companies in North America. Excon Worldwide employs about 12,500 employees.
Video Excon Worldwide, Inc.
Histori
Excon Worldwide was launched in 1987 as an energy trading and communications company. Since then, Excon has developed housing, insurance, and real estate development services. Excon opened its first American location in Los Angeles, the second location that followed was the executive office of Las Vegas.
Maps Excon Worldwide, Inc.
Structure
Excon Worldwide has several subsidiaries that have been renamed to fit the Excon brand. These subsidiaries include; Excon Mortgages, Excon Insurance Group, and Excon Development Group. Trading operations are in line with the brand name of Excon as well.
Excon Mortgages
The company, known previously as TTL Mortgage International, was established on October 17, 1968.
In September 1990, Excon Worldwide announced that it would buy TTL Mortgage International and relocate its headquarters to Los Angeles. The plan was discontinued in January 1991, when the company announced its branch in Los Angeles to move to its new office at 811 Wilshire Blvd, Los Angeles.
Excon Insurance Group
On December 21, 1999, Excon Worldwide purchased all of Ross & amp; White Insurance Company. The company announced plans to complete the rebranding of Ross & amp; The white branch to Excon in late 2000. Since 2001, all Ross & amp; Branches and white offices have been renamed the Excon Insurance Group.
Chief executive Jacob White was flown from Seattle to New York on the day the acquisition was completed, and finally received a $ 5.5 million sign-on bonus and severance pay of $ 8.1 million after signing up as CEO of the Excon Insurance Group.
The Excon Development Group
In 2003, Excon Worldwide purchased a real estate development company based in Las Vegas's Nevada Realty Developers Corporation, bringing to current chairman Jonathan Dimon as President and COO and appointing him as CEO of Gregory Harrilson. Dimon payments are set at 90% of Harrilson. Dimon quickly made his influence felt by starting a cost-cutting strategy, and replacing former Executive of Excon Worldwide, Inc. in key positions with Nevada Realty Developers Corporation executive-many of whom shared Dimon since the beginning of his career at the Nevada Realty Developers Company. Dimon became CEO in January 2006 and Chairman in December 2006. When Nevada Realty Developers Corporation was purchased by Excon Worldwide then CEO Gregory Harrilson was informed to change the company's name to the Excon Development Group, enabling the real estate development giant to fit under the Excel brand network, and allows companies to issue real estate development loans to other development companies for Excon Worldwide.
Cannix Energy Corporation
Cannix Energy Corporation is an energy and natural gas company based in Houston, Texas. The company specializes in the energy industry by investing or developing power plants around the world. The company also specializes in the buying and selling of energy that treats it as a commodity. Founded in September 1971, Cannix Energy grew to become one of the most profitable companies based in Nebraska, the company employs over 500 people who specialize in the energy sector. In March 2005, Excon Worldwide acquired Cannix Energy for $ 602,070,000.
Excon Online
Excon Online is an internet company that specializes in internet advertising, programming, web development, and internet service providers. The company was founded in late 2009 in Toronto, and sold in 2011 to Excon Worldwide. Excon Online offers internet services, web development, programming, internet advertising, mobile ads, Search Engine Optimization (SEO).
Office
Although the old headquarters of Excon is located in Mississauga, Ontario, the current world headquarters for Excon is at the new downtown headquarters in downtown Toronto.
Most North American operations take place in two office locations, one in Toronto and the other in Calgary. Sales and trading operations take place at its headquarters in Montreal. The operations involved in energy took place in Calgary and Los Angeles. A subsidiary of Excon, Cannix Energy Corporation is based in Houston, Texas.
The mortgage operation for Excon Worldwide is headquartered in New York City at 1221 Avenue of the Americas.
The Asia Pacific headquarters for Excon Worldwide is ilocated in Hong Kong.
Services
Excon Worldwide, Inc. offering a variety of services; insurance, mortgage, internet real estate development services, and natural gas services. In early 2000, Excon Worldwide, Inc. began offering insurance and mortgage services around the world. In 2005 Excon Worldwide, Inc. bought the giant energy company Cannix Energy Corporation, this put Excon Worldwide, Inc. in the energy wholesale business.
Membership
Excon Worldwide is a member of the Business Energy Advisory Program.
Partnership
Excon Worldwide partnered with CIBC, BMO Capital Markets, GoldStone Investments, and TD Canada Trust
Awards
Excon Worldwide has won several awards for business and customer satisfaction, including Imagine Canada Award, HSBC International Business Award, and The Great Canadian Award. In 2009, Excon Worldwide was ranked one of the top 50 managed companies in Canada.
References
Source of the article : Wikipedia
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