Love rat investment banker jailed for insider dealing

A two-timing investment banker has been jailed for two years and eight months for insider dealing.

In a case brought by the Financial Services Authority (FSA), Thomas Ammann, a former approved person and banker at Mizuho International (MI), was jailed after pleading guilty to two counts of insider dealing and two counts of encouraging insider dealing. In late 2008 and 2009 MI was advising Canon, the multi-national technology company, on its acquisition of Océ, a medium sized Dutch company making photocopiers, scanners, related software and accessories. By virtue of his employment at MI, Ammann had access to inside price sensitive information relating to the takeover. Rather than de...