Michael Spencer
From Wikipedia, the free encyclopedia
Michael Alan Spencer (born 30 May 1955, Kuala Lumpur, Malaysia) is a British businessman; the founder and 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 stockbroking firm Numis Securities.
Spencer was educated at Worth School, Sussex, and Corpus Christi College, Oxford, where he read physics. While still a student, he made £300 dealing in shares, and went on to land a job at Drexel Burnham. Fired for trading errors, he resolved to establish his own empire, establishing Icap in 1986. In 2005, Icap earned approximately £200m in pre-tax profits.
Married with three children, he has homes in Holland Park, London, New York City and Suffolk. In the Sunday Times Rich List 2006 his personal wealth was estimated at £614 million.
In March 2007 he was named Entrepreneur of the Year at the European Business Leader Awards.
