Michael Spencer
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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 the stock brokerage Numis Securities.
Spencer was educated at the Worth Abbey Benedictine (OSB) School, Sussex and at 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, Suffolk and Manhattan. 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. And in November 2007 he was awarded the prestigious Beacon Fellowship Prize for setting up ICAP's Charity Day.
