Ian Hannam
Ian Charles Hannam | |
|---|---|
| Born | Template:Birth year and age South London, England |
| Occupation | Investment banker |
| Known for | Founder of Hannam & Partners, Vice-Chairman at JPMorgan, "King of Mining" |
Ian Charles Hannam (born March 1956) is a prominent British investment banker and the founder of Hannam & Partners. Formerly serving as Vice-Chairman at JPMorgan, he gained the moniker "King of Mining." Hannam has been actively involved as a principal investor in his financial enterprises and has recently diversified into resource and fintech sectors. He continues to be a key figure in facilitating capital investments worldwide.
Early life
Hannam was born in South London in March 1956 and raised in Bermondsey, where his father worked in local government. After attending grammar school, he enlisted in the 21 SAS (Artists Regiment), achieving the rank of Sergeant by 1979. Subsequently, he trained at the Royal Military Academy Sandhurst, earning the rank of Captain.
He earned an engineering bachelor's degree from Imperial College London and began his career with construction company Taylor Woodrow, working in Nigeria and Oman. Later, Hannam pursued studies at London Business School before relocating to the United States to join Salomon Brothers, followed by a position at JP Morgan.
Salomon Brothers
In 1984, Ian Hannam joined Salomon Brothers, where he managed or co-managed significant British government privatisations such as BT and British Airways. He executed London's inaugural block trade with BP and was a pioneer of the first book-building placing.
Robert Fleming
Hannam transitioned to Robert Fleming in 1992, orchestrating the Wellcome Trust’s sell-down of shares in Wellcome plc, which was then the largest equity transaction globally. His advisory roles spanned Asia, South Africa, and the UK, including assisting the Hong Kong Government during the 1998 Asian financial crisis with its equity portfolio divestment. Hannam played a crucial role in facilitating SABMiller’s listing on the London Stock Exchange. When Chase Manhattan acquired Robert Fleming for $7.5 billion in 2000, Hannam was the largest private shareholder besides the Fleming family.
JPMorgan
In 2005, Hannam spearheaded JPMorgan’s five-year joint venture with Cazenove, resulting in the formation of JPMorgan Cazenove. He served on JPMorgan’s Global Equities Management Committee until 2015 but resigned in 2012 amid allegations of market misconduct. In July 2014, the UK's Financial Conduct Authority imposed a £450,000 fine on Hannam for leaking confidential information regarding client oil company Heritage during his time at JPMorgan. This penalty ranked among the FCA's largest individual fines.
Hannam & Partners
Hannam acquired Strand Partners in 2012 and subsequently rebranded it as Hannam & Partners. He currently holds the position of chairman at this corporate finance boutique, with Neil Passmore—his former JPMorgan colleague—serving as CEO.
Pyser
In 2020, Hannam purchased British manufacturer Pyser, headquartered at the Honourable Artillery Company in London’s financial district. Through its subsidiary Pyser Testing, the company provided COVID-19 antibody testing services. Additionally, Hannam procured machinery from a Chinese mask factory to initiate production of personal protective equipment at a facility located in Shipston-on-Stour.
Personal life
Hannam dedicated two decades to service as a captain within the Territorial Army.