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Libor Trader Tom Hayes to Be Released From Jail in January

  • Convicted trader Hayes will be released Jan. 29 after sentence
  • Hayes was the first to be convicted of rigging Libor in 2015
Tom Hayes was found guilty of rigging Libor in 2015.

Tom Hayes was found guilty of rigging Libor in 2015.

Photographer Matthew Lloyd/Bloomberg

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Tom Hayes, the former UBS Group AG and Citigroup Inc. trader convicted of rigging Libor, will be released from prison in January after more than five years.

Hayes was the highest-profile conviction in the Libor-fixing scandal. He was found guilty by a London jury in 2015, and is being released after serving about half of his 11-year sentence. U.K. law requires most convicted criminals to serve only about half of their sentence.