Hanson returns to finance with Strand

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Robert Hanson, son of the late industrialist Lord Hanson, is to become chairman of Mayfair-based corporate finance advisers Strand Partners.

The privately owned firm will be renamed Strand Hanson and he is taking a 10% stake in the business for an undisclosed sum.

It is a quick reappearance for the Hanson name after he stepped down from the advisory board of corporate finance house Westhouse two weeks ago.

Until then it was known as Hanson Westhouse but the AIM-listed firm is dropping his surname, although he still retains a 19% stake.

Hanson began his career as a banker for NM Rothschild and a director of his father's Hanson Plc before setting up Hanson Capital in 1998, joining up with Westhouse in August 2006.

Strand, which specialises in mergers and acquisitions in emerging markets, was founded in 1993. Tory donor Lord Ashcroft was its largest shareholder until this year when the firm's staff, led by chief executive Simon Raggett, took control of the business in a management buyout.

Strand acts as adviser to a string of energy and natural-resources companies including AIM-listed Gulf Keystone Petroleum and Kalahari Minerals.