Fighting background of the miners king who is itching to take on City's watchdog

Ian Hannam joined the special forces when he was 17 as a member of the part-time Territorial unit the Artists Rifles.

He has never left behind those shady days in camouflage and balaclavas. Tony Buckingham, chief executive of Heritage Oil, the company which the insider emails were about, is also a former special forces soldier and ex-security adviser to several foreign goverments.

David Davis, the former Tory minister, who wrote a character reference for Mr Hannam during his case with the FSA, is likewise a former elite soldier. When Mr Hannam makes one of his frequent visits to war-torn countries in his search for wealth under the ground he is regularly accompanied by two former SAS men "turned investment bankers".

When Mr Hannam declared yesterday: "I look forward to challenging [the FSA] in an independent tribunal," this was no mere lawyer-drafted response to the regulator.

The Londoner, who lives in Notting Hill and turned 56 last week, enjoys a fight.

He would love seeing a decision by the City regulator overturned in its dying days as the coalition government carves it in two.

Mr Hannam is known as the "king of the miners" in the City. He has brought deals to Xstrata, which he floated in 2002, India's Vedanta, Kazakhstan's Kazakhmys, Mexico's Fresnillo, Ukraine's Ferrexpo, and African Barrick Gold among FTSE miners. He has also raised money for HSBC and Barclays and helped the flotation of South African brewer SABMiller among many others.

He is widely credited with bringing foreign companies worth billions of pounds to the London stock market and at the same time so changing the make-up of the FTSE 100 index that it no longer reflects the state of British industry.

Recently he has been at the forefront of championing companies searching for oil and gas in the Kurdish part of Iraq and $1 trillion (£624.25bn) of gold and other metals in Afghanistan.

Last year Mr Hannam brought together financier Nat Rothschild and former BP chief executive Tony Hayward to raise £1.35bn in the London market for Vallares, which went on to buy Genel Energy, the largest oil producer in the Kurdistan region of Iraq. This was the same company which Mr Hannam had tried to engineer into a merger with Heritage oil two years earlier.

His mobile phones are stuffed with numbers ranging from the world's biggest fund managers through oligarchs to City grandees.

But there are also suggestions that tensions grew between Mr Hannam and his cohorts and the original Cazenove partners, who were led by David Mayhew, when JPMorgan took full control of the Queen's stockbroker for £1bn in 2009.

Mr Mayhew stepped down as chairman of the London investment banking operation last year but remains vice chairman of the global bank.

The secret to Mr Hannam's success is his intimate links between the companies he is advising and the money managers he wants to back them. If Mr Hannam rates a deal fund managers tend to back him. But also he is known across the City for coming up with often seemingly impossible deals off his own bat. He once plotted what would at that time have been the largest takeover in the world for Dow Chemical by a group of Middle East investors.

PROMOTED VIDEO
Arts and Entertainment
Babysitter Katie and Paul have terse words in the park
tvReview: The strength of the writing keeps viewers glued to their seats even when they are confronted with the hard-hitting scenes
News
i100
Arts and Entertainment
American singer, acclaimed actor of stage and screen, political activist and civil rights campaigner Paul Robeson (1898 - 1976), rehearses in relaxed mood at the piano.
filmSinger, actor, activist, athlete: Paul Robeson was a cultural giant. But prejudice and intolerance drove him to a miserable death. Now his story is to be told in film...
Sport
England’s opening goalscorer Alex Oxlade-Chamberlain battles with Scotland’s Charlie Mulgrew
FootballEngland must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Life and Style
Make-up artists prepare contestants for last year’s Miss World, held in Budapest
fashion
Sport
Wigan Athletic’s back-of-the shirt sponsor Premier Range has pulled out due to Malky Mackay’s arrival
Football
News
ebooksNow available in paperback
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Soho

£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...

Ampersand Consulting LLP: Markit EDM (CADIS) Developer

£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...

Carlton Senior Appointments: Director, Private Bank - San Francisco, CA

$175 - $200 per annum, Benefits: full benefits: Carlton Senior Appointments: P...

Carlton Senior Appointments: San Diego, CA – Tier 1 House - Senior MD FA

Not specified: Carlton Senior Appointments: Senior MD Financial Advisor - San ...

Day In a Page

US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines