LONDON, April 3 JP Morgan's Ian Hannam,
one of its most senior London-based bankers, has decided to
resign after being fined by Britain's financial watchdog for
market abuse, according to an internal memo the bank sent to
In a separate statement, Hannam said he would appeal the
450,000 pounds ($720,700) fine by the FSA.
"I am appealing a decision notice issued by the FSA today
and have consequently decided to resign from J.P. Morgan,"
Hannam said in the emailed statement.
"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," Hannam said.