Ian Hannam

Last updated

Ian Hannam
Born
Ian Charles Hannam

March 1956 (age 67)
south London
NationalityBritish
Alma mater Imperial College London
London Business School
OccupationBanker
TitleChairman, Hannam & Partners

Ian Charles Hannam (born March 1956) is a British investment banker, and founder of Hannam & Partners. [1] He was previously Vice-Chairman of JPMorgan, where he became known as the "King of Mining". [2] Hannam has been a principal investor in each of his banking endeavours and of late has been increasingly active as a principal investor outside of banking with a series of investments in the resource and fintech spaces. He remains one of the world's leading brokers of capital investments.

Contents

Early life

Ian Charles Hannam was born in March 1956. [3] He was born in south London, and grew up in Bermondsey, the son of a local government worker. [4] [5] He went to grammar school. [4]

He served in the 21 SAS (Artists Regiment), becoming a Sergeant in 1979 before entering RMA Sandhurst in 1982 and becoming a Captain. [6]

Hannam has a bachelor's degree in engineering from Imperial College London, and worked for the construction company Taylor Woodrow in Nigeria and Oman. [5] [7] He then studied at the London Business School, and moved to the US, and worked for Salomon Brothers and later JP Morgan. [5]

Career

Salomon Brothers

In 1984, Ian Hannam joined Salomon Brothers. While at Salomon Brothers, Hannam worked managed or co-managed all British government privatisations, including BT and British Airways. [6] He also completed the first block trade in the London market, selling British Petroleum. He also completed the first placing in the London market via book building. [6]

Robert Fleming

In 1992, Hannam left Salomon Brothers to join Robert Fleming, where he executed the sell down of the Wellcome Trust's holding in Wellcome Plc. At the time, it ranked as the world's largest equity deal. [8]

Hannam managed many of the company's deals in Asia, South Africa and the UK. He acted for the Hong Kong Government during the Asian crisis of 1998 in its divestiture of its equity portfolio. [6] He was also the key relationship banker to SABMiller, and was instrumental in obtaining its London listing. [9]

In 2000, Robert Fleming was acquired by Chase Manhattan for $7.5 billion. Hannam was the largest private shareholder outside of the Fleming family. [6]

JPMorgan

In 2005, Hannam was responsible for leading JPMorgan five-year joint venture with Cazenove, leading to the creation of JPMorgan Cazenove. [10] Until 2015, Hannam was a member of JPMorgan’s Global Equities Management Committee. He stepped down in 2012 to fight allegations of market abuse, for which he was ultimately fined, despite his attempt at appeal.

In July 2014, Hannam was fined £450,000 for market abuse by the UK's Financial Conduct Authority (FCA), "one of the largest handed down to an individual and was considered a major coup for the authority". [11] [12] The fine was in connection with "wrongly disclosing confidential information to Iraqi Kurdistan's oil minister, relating to client oil firm Heritage in 2008", when Hannam was working for JP Morgan. [11] In April 2012, Hannam stood down as JP Morgan's global chairman of equity capital markets, in order to deal with the allegations. [11]

Hannam & Partners

In 2012, he bought Strand Partners and renamed it Hannam & Partners. [13] Hannam continues to serve as chairman of the corporate finance boutique where the CEO is former JPMorgan colleague Neil Passmore. [13]

Pyser

In 2020, it was reported that Hannam had acquired British manufacturer Pyser. [14] [15] Operating from the Honourable Artillery Company in the City of London, the company conducts Covid-19 antibody tests through its Pyser Testing subsidiary. [14] [16] It was also reported that Hannam had acquired the equipment from a mask manufacturing facility in China to start manufacturing personal protective equipment in Shipston-on-Stour. [14]

Personal life

Hannam is a former captain in the Territorial Army, in which he served 20 years. [13] [5]

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References

  1. ↑ "Ian Hannam's Official Profile on The Marque".
  2. ↑ Ambrose, Jillian (21 July 2018). "'King of mining' Hannam switches focus to tidal power". The Telegraph. ISSN   0307-1235 . Retrieved 12 October 2018.
  3. ↑ "Ian Charles HANNAM - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 13 August 2017.
  4. 1 2 "The real man behind the myth that is Ian Hannam". independent.co.uk. 8 April 2012. Retrieved 13 August 2017.
  5. 1 2 3 4 Moulds, Josephine (3 April 2012). "Ian Hannam profile: king of mining M&A" . Retrieved 13 August 2017– via The Guardian.
  6. 1 2 3 4 5 "Official Biography | Ian Hannam". ianhannam.com. Retrieved 12 October 2018.
  7. ↑ "People - Hannam". hannamandpartners.com. Retrieved 13 August 2017.
  8. ↑ "COMPANY NEWS; Huge Offering of Shares Completed by Wellcome". Reuters. Retrieved 12 October 2018.
  9. ↑ Guthrie, Jonathan (4 September 2015). "Brunch with the FT: Ian Hannam" . Financial Times . Retrieved 12 October 2018.
  10. ↑ Partington, Richard. "Profile of Ian Hannam: Dealmaker, soldier and FSA target" . Retrieved 12 October 2018.
  11. 1 2 3 Wallace, Tim (23 July 2014). "London's King of Mining Ian Hannam forced to pay £450K fine". cityam.com. Retrieved 13 August 2017.
  12. ↑ Doward, Jamie (12 August 2017). "David Davis linked to City trader fined for insider dealing" . Retrieved 13 August 2017– via The Guardian.
  13. 1 2 3 "'King of mining' Ian Hannam digs up profits despite industry gloom". standard.co.uk. Retrieved 13 August 2017.
  14. 1 2 3 Vincent, Matthew. "Dealmaker Hannam pivots from M&A to PPE | Financial Times". www.ft.com. Retrieved 19 June 2020.
  15. ↑ Young, Toby (18 June 2020). "Latest News". Lockdown Sceptics. Retrieved 19 June 2020.
  16. ↑ "Home". Pyser Testing. Retrieved 19 June 2020.
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