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Ian Hannam appeals FSA decision notice, 3 April 2012

 

3 April 2012 – Following the publication of a decision notice today by the Financial Services Authority, Ian Hannam made this statement, which was sent out by JP Morgan:

I am appealing a decision notice issued by the FSA today and have consequently decided to resign from J.P. Morgan. I will complete my current client commitments and ensure a smooth handover of responsibilities. Appealing the case while still at the firm would be an unfair distraction to my clients and colleagues.

I have fully cooperated with the FSA from the start. It is important to note that the FSA has not challenged my fit and proper status and has accepted that I acted with honesty and integrity. It has also accepted that I was acting in the best interests of my client and no one benefited or was damaged. I strongly believe, and have been advised by my legal counsel, that the FSA’s conclusions are wrong and I look forward to challenging them in an independent tribunal.

I would like to thank my colleagues and my clients for the support they have given me over the years. I have seen London reaffirm its place as a global financial centre and feel honoured to have been part of it – having advised companies, governments and individuals in more than 300 deals from over 40 countries. I look forward to continuing my career once the appeal process is complete.”

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