IPGL Limited is a private holding company which focuses on partnering with experienced management teams to build fast growing businesses in financial services and other sectors. IPGL’s interest is in developing young businesses into industry leaders over the long term. Over the past 20 years the group has had considerable success in building a range of financial services industry businesses in the broking, fund management and insurance industries.
It is a significant shareholder in NEX Group plc. NEX Group provides platforms, tools and expertise that enable customers to execute trades efficiently and optimise resources throughout the transaction lifecycle.
IPGL falls under the consolidated supervision regime of the UK Financial Conduct Authority (FCA). Accordingly, IPGL is required to meet all FCA capital adequacy requirements and to report regularly to the FCA.
Michael Spencer, formerly chief executive of ICAP plc and now chief executive of NEX Group plc, together with family trusts, is majority shareholder of the company.