Michael Spencer’s Family Offices appoints new chief executive after 260% gain on insurance bet


Billionair Michael Spencerwho built his fortune leading brokerage firm ICAP Plc, has hired a former executive from the finance company to help oversee his personal fortune.

Seth Johnson, 55, in recent weeks became CEO of Spencer Family Office IPGL, according to a company spokesman. His appointment makes him the third CEO of IPGL since the beginning of 2023 following the departure of… Ion Bogdaneris And Samantha Wren last year.

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