Michael Spencer

Michael Alan Spencer (born 30 May 1955, Kuala Lumpur, Malaysia) is a British businessman; the chief executive of ICAP plc, the world's largest interdealer broker. He is also currently the owner of spread betting firm City Index, and the chairman of the stock brokerage Numis Securities.

In the Sunday Times Rich List 2008 ranking of the wealthiest people in the UK he was placed 62nd with an estimated fortune of £1,150 million.

Biography

Spencer was educated at the Worth Abbey Benedictine (OSB) School, Sussex and at Corpus Christi College, Oxford, where he read physics.

Career

While still a student, he made £300 dealing in shares, and went on to land a job at Drexel Burnham. Fired for trading errors.

Resolved to establish his own empire, Spencer founded Intercapital Private Group Limited in 1986. In 1998 it was acquired by Exco plc in a reverse takeover and the enlarged business was renamed Intercapital plc . In 1999, the company merged with Garban plc to create Garban-Intercapital plc, which renamed itself ICAP plc in 2001. Spencer remains CEO.

In March 2007 he was named Entrepreneur of the Year at the European Business Leader Awards. In November 2007, he was awarded the prestigious Beacon Fellowship Prize for setting up ICAP's Charity Day.

Politics

Spencer is treasurer and member of the board of the Conservative Party.

Personal life

Spencer has homes in Holland Park, London, Suffolk and Manhattan.

Spencer is an avid art collector with an impressive twentieth century and contemporary collection, including the work of Scottish artist, Jack Vettriano. He is a shareholder and an associate director of Ipswich Town Football Club, but has little interest in football.

References

1. ^ Sunday Times Rich List 2008 online edition
2. ^ Numis Corporation Board Changes
3. ^ ^{a b} ICAP History
4. ^ http://www.conservatives.com/People/Members_of_the_Board/Spencer_Michael.aspx

Spenser, Michael: The Internet Monk

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iMonk Bio | internetmonk.com

Michael Spencer is the primary writer and editor of Internet Monk, Jesus Shaped Spirituality, and the moderator of the Boar's Head Tavern. Michael was born

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Michael Spencer - Wikipedia, the free encyclopedia

Michael Alan Spencer (born 30 May 1955, Kuala Lumpur, Malaysia) is a British businessman; the chief executive of ICAP plc, the world's largest interdealer broker.

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