Former JP Morgan Cazenove chairman Ian Hannam has launched a new investment and advisory firm called Hannam & Partners.
The move follows Hannam’s acquisition of small and mid-cap adviser Strand Partners in 2012, which will be restructured as a fully fledged partnership and renamed as Hannam & Partners.
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The new advisory firm will be led by John Manser, a former banker and current chairman of SABMiller, who will serve as the chairman of Hannam and Partners, reported Financial Times.
In July this year, the UK’s Financial Conduct Authority (FCA) has upheld a £450,000 fine on ex-JP Morgan Cazenove chairman Ian Hannam for market abuse after a prolonged court battle.
"It has been financially gruelling, it has been emotionally draining. I can’t say it has been a good experience," Hannam told the Financial Times.
Hannam added that the renaming will support the firm’s wider focus on emerging markets.
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By GlobalDataThe publication said that Hannam will give up majority control over the partnership to his five partners this year. Hi partners include dealmaker Tim Hoare, former head of Canaccord Europe, Giles Fitzpatrick, the former CEO of Fox-Pitt-Kelton, and three ex-JPMorgan bankers.
Hannam has left his role as chairman of capital markets at JPMorgan Cazenove in 2012.
