Ex-JPMorgan deakmaker king bids to clear name in High Court

Sailing In The Sun

Ian Hannam is to return to the High Court on Thursday, in a final attempt to clear his name.

The Daily Telegraph reports that Hannam, the former JP Morgan deal maker, is to appear before the Upper Tribunal on what is expected to be the last day of the hearing into the £450,000 fine imposed by the City watchdog.

The star banker has been fighting to clear his name since the fine was announced by the Financial Services Authority (FSA) in April 2012, having found him guilty of market abuse by passing on insider information.

The first stage of the tribunal sat for just under a week in July 2013, at which Mr Hannam was accused of being 'a little too lax' over confidential information.

Counsel for Hannam and the Financial Conduct Authority, which assumed the FSA’s conduct responsibilities from April 1, are due to make their closing statements tomorrow.

The final hearing was delayed due to diary clashes between the barristers involved and members of the three-man tribunal.

To access the complete Daily Telegraph article hit the link below

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