Group CEO, ICAP plc, United Kingdom
2010 award winner
EY World Entrepreneur Of The YearTM 2010
EY Entrepreneur Of The YearTM 2009 United Kingdom
Michael Spencer set up ICAP as an interest rate swap broker in 1986 with three friends. Today ICAP is a publicly traded company with more than 4,500 employees servicing customers in 50 countries and is considered one of the most innovative companies in financial services.
Michael’s entrepreneurship has enabled ICAP to diversify into many different areas, including the expansion into electronic broking and post-trade services over the past 10 years.
The recent global financial crisis has led to public debate and international initiatives aimed at strengthening financial regulation, supervision and market infrastructure. ICAP’s post-trade services play an important role in helping customers achieve these objectives. The company has a tradition of giving back as well. Since 1993, ICAP has held its ICAP Charity Day, a special all-day event held every December where the firm donates its total revenue for the day to a wide selection of charities.
*Information correct as of June 2010.