Former JPMorgan Banker Ian Hannam Joins Strand Partners
Ian Hannam, the former JPMorgan Chase & Co. (JPM) banker advising mining companies, has joined corporate-advisory firm Strand Partners Ltd.
Hannam, 57, started with Strand Partners this month, according to the Financial Services Register records. His private firm Elgin Partners has bought Strand Partners, according to Financial News, which reported the story earlier. Hannam declined to comment when contacted by telephone.
Hannam, a former JPMorgan chairman of equity-capital markets, stepped down in April last year to appeal a decision by the U.K.’s financial-services regulator to fine him 450,000 pounds ($686,000) for market abuse. He e-mailed a potential customer in 2008 with details of a bid for his client Heritage Oil Plc (HOIL), as well as news of an oil find, it said at the time. Hannam said in a statement then he would appeal and planned to continue his financial career after the dispute is over.
Based in London, Hannam was among bankers advising Xstrata Plc (XTA), the subject of a bid by Glencore International Plc (GLEN) last year. At JPMorgan, which also served as a broker to Xstrata, Hannam helped the mining company first sell shares in 2002, and was involved in many of its subsequent transactions, including the $18.1 billion purchase of the Canadian nickel producer Falconbridge Ltd. in 2006.
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