After reading physics at Corpus Christi, Oxford, Michael Spencer began a career in the City that led him to set up Intercapital in May 1986 which grew to become, in 1999, ICAP plc.
Michael is Chairman and Chief Executive of ICAP, a FTSE100 company, and the world's premier interdealer broker and leading electronic broker of fixed income and foreign exchange.
He also is Chairman of Intercapital Private Group Ltd, a private company which owns City Index and various other interests, and Chairman of Numis Corporation plc.
In 2006 he was appointed Treasurer of the Conservative Party.
Married with two sons and a daughter, Michael lives in London and Suffolk. He is 51, and his interests include running, riding, wine, art, politics and political history.