Deals
JPMorgan Dealmaker Hannam in Eye of Storm Again on FSA Fine
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Ian Hannam’s dealmaking has landed him in the center of a storm before. This time the soldier-turned-JPMorgan Chase & Co. executive known for his Rolodex will be defending himself from outside the most profitable U.S. bank.
Hannam, 56, JPMorgan’s global chairman of equity capital markets and a top adviser to mining companies such as Xstrata Plc, resigned yesterday after the U.K.’s market regulator fined him 450,000 pounds ($720,000) for disclosing inside information. He said in a statement he will appeal and plans to continue his financial career after the dispute is over.