David Cameron
City Index Group
(Finance and Banking)
ICAP (company)
(Finance and Banking)

See also

Michael Spencer

Knowledge Identifier: +Michael_Spencer


Michael Spencer

British businessman add

Category: Business

Born in 1955.

Countries: United Kingdom (75%), (25%)

Education: undef.

Main connections: Conservative Party (UK), David Cameron, City Index Group

Linked to: Conservative Party, Corpus Christi College, Oxford, City Index Group, Category:Alumni of Corpus Christi College, Oxford




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Michael Spencer was born in 1955 add something


Fired from there for trading errors, he resolved to establish his own empire and Spencer founded Intercapital Private Group Limited in 1986 add something


ICAP (company) - "Intercapital plc" was originally founded by Michael Spencer in 1986 as "Intercapital Private Group Limited" ; in 1998 it was acquired by Exco plc in a reverse takeover and the enlarged business was renamed "Intercapital plc"


In 1998 it was acquired by Exco plc in a reverse takeover and the enlarged business was renamed "Intercapital plc" add something


In March 2007 he was named Entrepreneur of the Year at the European Business Leader Awards add something


In November 2007, he was awarded the Beacon Fellowship Prize for setting up ICAP's Charity Day. add something


The 2010 awards ceremony marks the tenth consecutive year the Ernst & Young World Entrepreneur Of The Year has been held add something


Spencer stood down as treasurer and member of the board of the Conservative Party in October 2010 add something


In the "Sunday Times Rich List 2012" ranking of the wealthiest people in the UK he was placed 162nd with an estimated fortune of £510 million add something


On 26 March 2012, Spencer was named as a donor to the Conservative Party who has had a private dinner with the Prime Minister David Cameron add something


He was the owner of spread betting firm City Index until 2014 add something


Also in 2016, Spencer received the Futures & Options World lifetime achievement award add something


Following the sale of its voice broking business to global banking firm Tullett Prebon in December 2016, &ICAP_plc (ICAP_(company)) was renamed NEX Group, while Tullett Prebon became TP ICAP. Spencer sold the majority of his stake in TP ICAP in January 2017 add something


NEX Group was formerly known as &ICAP_plc (ICAP_(company)), until the sale of its voice-broking business to &Tullett_Prebon (TP_ICAP) in December 2016 add something


As of February 2017, the event has raised over £137 million and backed 2,200 charitable projects add something


He remains CEO and the largest shareholder of Nex Group, as of February 2017 add something


In March 2018 NEX announced that it had been approached by CME Group further to a proposed acquisition add something


By the time the deal completed in November 2018 Spencer's stake had grown to over £700m, half of which he received in cash, raising his net worth to over £1bn add something