Billionaire Spencer Hires Schroders Veteran to Manage Wealth (1)

Aug. 14, 2025, 8:40 AM UTC

UK billionaire Michael Spencer has hired a Schroders Plc veteran to lead his family office, expanding the investing capabilities of the firm managing one of Britain’s biggest fortunes.

Simon Brazier, 50, who previously worked at Schroders for more than a decade, becomes chief executive officer from Aug. 18 of the Nex Group founder’s personal investment firm, known as IPGL, according to a statement.

The British native, a longtime fund manager, replaces Seth Johnson, a 57 year-old former Nex executive who stepped into the CEO role at IPGL after a predecessor departed within six months of joining in 2023 ...

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