Michael Spencer
Michael Alan Spencer, Baron Spencer of Alresford (born 30 May 1955), sometimes known as "Spens", is a British billionaire businessman and philanthropist. He is the founder of NEX Group, a UK-based business focused on electronic markets and post-trade business which was acquired by CME Group in November 2018. NEX Group was formerly known as ICAP, until the sale of its voice-broking business to Tullett Prebon in December 2016.
The Lord Spencer of Alresford | |
|---|---|
Spencer in 2021 | |
| Member of the House of Lords Lord Temporal | |
| Assumed office 12 November 2020 Life Peerage | |
| Personal details | |
| Born | 30 May 1955 Kuala Lumpur, British Malaya |
| Nationality | British |
| Political party | Conservative |
| Spouse(s) | Lorraine Spencer (divorced 2008) Sarah, Marchioness of Milford Haven
(m. 2016) |
| Children | 3 |
| Occupation | Financial broker, investor |
| Known for | ICAP, ICAP Charity Day, political fundraising |
Spencer was described in 2018 as the richest self-made person in the City of London and a "City grandee". According to the Sunday Times Rich List in 2021, he is worth an estimated £1.2 billion. He was awarded a peerage in August 2020 in the Political Honours List.
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