Ian Hannam, the controversial banker to much of the mining industry, has returned to the front line of City life after rebranding his corporate advisory firm Strand Partners as Hannam & Partners.
The former JP Morgan deal maker had to quit the bank in 2012 and was fined £450,000 by regulators for passing inside information to a foreign government official, but he has been allowed to continue working in the City.
Mr Hannam bought a controlling stake in Strand Partners two years ago and yesterday’s restructuring means it will now be a limited-liability partnership.
He is one of the City’s most-colourful figures, who made his name at JP Morgan Cazenove where he worked for nine years and advised mining giants BHP Billiton, Xstrata and Vedanta.
A captain in the Territorial Army, he studied at Imperial College and London Business School and is known for his top-notch contacts.
The Financial Services Authority ruled he was wrong to disclose confidential information to Iraqi Kurdistan’s oil minister, relating to the oil firm Heritage, and he was hit with a fine for market abuse.
His boutique firm plans to continue its focus on mining, resources and emerging markets, with a staff of 40.
In a sign of where Mr Hannam sees opportunities, the website is available in five languages: English, Chinese, Russian, Arabic and Turkish.
The company claims to have advised on $5bn (£3bn) of deals last year.
Richard Fenhalls, who founded Strand in 1993, continues as an adviser.Reuse content