Ian Hannam, the ex-JP Morgan banker who stepped down from the US bank in April to fight a fine levied by the Financial Services Authority, has set up a UK private office to house his consulting activities, according to filings.

Elgin Partners Limited was incorporated in early June by A1 Company Services, a company formation specialist. A representative from A1 Company Services was listed as a director in the initial documents but terminated their appointment six days after the incorporation was filed.