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.
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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