firms’ 40 partners and associates and 50 staff moved over to the other firm and the rest were made redundant. Carr Sebag stopped trading on 4 June 1982. Simultaneously the 75% it owned of W I Carr Overseas (known as WICO), a prominent firm in the Asian markets was sold to money brokers, Exco International for around GBP 3mn. References Further reading The story of Joseph Sebag and Co and its founding families, Denzil Sebag-Montefiore, Publisher: D. Sebag-Montefiore, 1996. Stockbrokers Investment management companies of the United Kingdom Investment banks Banks of the United Kingdom Financial services companies based in the City of London Brokerage firms