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John Spiers (entrepreneur)

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John Spiers
Born (1950-09-16) 16 September 1950 (age 74)
Bristol, England
NationalityEnglish
Alma materClare College, Cambridge
OccupationCeo
Known forFounder of Bestinvest
Websitehttps://eqinvestors.co.uk/

John Spiers is an entrepreneur and philanthropist. He founded Bestinvest in 1986 and sold it to 3i Group in 2007.[1] He is now Chair of EQ Investors, a wealth management company in London and runs The EQ Foundation, a registered charity.

John Spiers was born in Bristol in 1950. He attended Kingston Grammar School and gained an MA in engineering in 1972 at Clare College, Cambridge, where he is now an Elizabeth de Clare Fellow. His first employment was as a Student Apprentice at the Atomic Weapons Research Establishment in Aldermaston. From 1975 to 1986 he worked as a stockbroker in the City of London, latterly with W. Greenwell & Co. In 1986 he founded Bestinvest which he sold to 3i in 2007 for in excess of £165m. At the time of the sale, Bestinvest was one of the fastest growing wealth management companies in the UK with funds of £3.5bn under management and over 50,000 clients.[2]

In 2008 he set up the Spiers Family Foundation which has supported charities with an emphasis on Early Years Intervention (e.g. WAVE Trust), poverty (e.g. Centre for Social Justice) and education (e.g. Sutton Trust, African Prisons Project).[3][better source needed]

In 2014 he bought the financial planning arm of Truestone and renamed the business as EQ Investors.[4][5] EQ stands for emotional quotient. As CEO of EQ Investors he expanded the range of its activities and increased staff numbers to over 60.[6] EQ emphasises ethics and was one of the first UK companies to become a B Corporation.[7] His views are frequently sought by the financial press.[8][9][10]

The EQ Foundation[11] was established as a registered charity with an emphasis on supporting charities tackling the lack of social mobility. Spiers is now leading the Giving is Great[12] initiative to improve the availability of data for charity donors and recipients.[13][better source needed]

Spiers has represented England in the World Golf Croquet Championships[14] and is a participant in historic motorsport, competing in the Silverstone Classic, finishing 3rd in the International Trophy for pre-1966 GT cars in 2018 and 2nd in the Graham Hill Trophy at the 77th Goodwood Members Meeting.[15]

In 2018 Spiers was covered by the London Evening Standard in an article.[16] In 2021 he received a Lifetime Achievement [17] award from the City of London Wealth Managers Association.

References

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  1. ^ "3i to pay £165m to acquire Bestinvest". Financial Times. Retrieved 25 July 2007.
  2. ^ "Spiers sells Best Invest to 3i". Citywire. Retrieved 23 July 2007.
  3. ^ Spiers Family Foundation on Total Giving
  4. ^ "Bestinvest Founder is back with new ethical platform". The Telegraph. Retrieved 11 October 2014.
  5. ^ "John Spiers is Back". Citywire. Retrieved 13 October 2016.
  6. ^ "Life after Bestinvest". MoneyMarketing. Retrieved 12 June 2015.
  7. ^ "Firing Line: John Spiers". FT Adviser. Retrieved 5 September 2014.
  8. ^ "Business Bigshot – John Spiers". The Times. Retrieved 21 October 2008.
  9. ^ "Brexit, Robo-advice & the future of investment". CityAM. Retrieved 31 March 2016.
  10. ^ "Exclusive interview with John Spiers, CEO of EQ Investors". Blue and Green Tomorrow. Retrieved 21 June 2016.
  11. ^ "The EQ Foundation".
  12. ^ "Giving is Great".
  13. ^ "The EQ Foundation".
  14. ^ "2008 World GC Championship Cape Town".
  15. ^ "Silverstone Classic Results" (PDF).
  16. ^ "John Spiers shakes up Retirement Finance". London Evening Standard.
  17. ^ "COLWMA". www.goodacreuk.com. Retrieved 6 July 2021.

Further reading

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