Educated at Wellington College, he started his working life in Stockbrokers Kitcat & Aitken and became a member of the London Stock Exchange. He subsequently became both a partner of the firm and later Managing Director. City mergers in the 1990s saw him become Director, Lloyds Investment Managers and then Director, Investment Funds at Hill Samuel Asset Management. In July 2000, following the Lloyds TSB merger with Scottish Widows, he became Director, Investment Funds with Scottish Widows Investment Partnership. Sir Michael has also served on the Boards of a number of investment trusts and country funds and thus has business contacts all over the world. He is a fellow of the Securities Institute.