The fact that banks have been reshuffling their personnel is, of course, nothing new. However, 122 resignations does seem like a large number, particularly when one realizes that many of these resignations are coming from relatively large institutions.
As a result, there has been much speculation and concern on the part of many observers as to what these shifts actually mean.
While it should be mentioned that the list contains resignations from some institutions that are relatively small in terms of international finance, one might also do well to remember that banks, insurance companies, corporations, and governments are often tied together by a seemingly infinite number of spiderweb connections that only become visible as certain parts of the financial relationships are unearthed.
 To be clear, this writer is not suggesting that every single bank included in this list is part of a criminal conspiracy, cover-up, or act of misconduct. In fact, I am not suggesting that any of them are. However, when it comes to some institutions such as the World Bank or the Bank of England, the history of treachery is obvious and should be kept in mind as you draw your own conclusions.
In fact, it is the resignations taking place amidst these larger institutions that should be a cause for greater concern in the first place.
Indeed, the number of resignations taking place amongst large institutions such as CitiBank, Lloyds Banking Group, UBS, Bank of America, Goldman Sachs, and JP Morgan alone should be enough to turn some heads.
But there is also an alarming number of central banks included on this list as well. Perhaps the most surprising is the fact that Phillip Hildebrand, the head of Switzerland’s central bank, recently 
handed in his resignation. Not only that, but there have been resignations coming from several other central banks including Argentina, Kuwait, Nicaraqua, and Kenya.
 
Even the World Bank is now accepting the resignation of Robert Zoellick.
 
The truth is, we don’t know what these resignations actually mean. Are they merely coincidence? Is this par for the course in the international banking industry?
Or are we witnessing the beginning of a rush for the exits by those who are in a position to see what is coming down the pike? Considering the state of the world financial system, this would not be too hard to believe.
Or are we witnessing a panicked flight of the guilty on the eve of a coming round of real investigations? Might there be a coming worldwide financial scandal that these individuals would drastically like to avoid?
Either way, 122 resignations from September to March at least sounds like a big number. It would be nice to know exactly what the rate of resignation was in previous years. Until we are able to find that number, it might be wise for us to ask ourselves what these individuals know that we don’t.
1.                     
9/01/11 (USA NY) Bank of New York Mellon Chief 
Robert P. Kelly Resigns in a Shake-UP 
http://goo.gl/NdW7q 
2.                   
09/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of 
Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman. 
http://goo.gl/Dx8qs 
3.                   
9/25/11 (SWITZERLAND) UBS  CEO 
Oswald Gruebel quits over £1.5bn rogue trader crisis 
http://goo.gl/WCeqB 
4.                   
9/28/11 (SWITZERLAND) SNB Bank Council: 
Fritz Studer resigns as per end-April 2012 
http://goo.gl/7dNiD 
5.                   
10/29/11 (CHINA) China Construction Bank Corp Chairman 
Guo Shuqing resigns 
http://goo.gl/fdd9v 
6.                   
10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman 
Xiang Junbo resigns 
http://goo.gl/yWX9R 
8.                   
11/02/11 (UK) Lloyds Banking Group chief executive, 
António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 
2/24/12 - DEFACTO RESIGNATION) 
http://goo.gl/3L9gE 
9.                   
11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman 
Matsui to Resign 
http://goo.gl/OiDiq 
10.               
11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank 
http://goo.gl/XncOc 
11.               
12/15/11 (UK) Senior private banker
 James Fleming resigns from Coutts [private bank] 
http://goo.gl/ANN5B 
17.               
1/01/12 (ISRAEL) Israel's Bank Leumi CEO 
Galia Maor steps down after 16 years 
http://goo.gl/xwlFt 
18.               
1/03/12 (USA VA) Suffolk Bancorp president and CEO 
J. Gordon Huszagh steps down 
http://goo.gl/joExI 
19.               
1/03/12 (UK) Arbuthnot Banking Group: 
Neil Kirton resigned from the Board 
http://goo.gl/SKE7j 
21.               
1/05/12 (UK) Saunderson House [Private Bank] CEO 
Nick Fletcher steps down 
http://goo.gl/zvo1L 
23.               
1/19/12 (SPAIN) Spanish bank Santander's Americas chief 
Francisco Luzon quits 
http://goo.gl/jEY7Y 
25.               
1/20/12 (JAPAN) Normura's head of wholesale banking 
Jasjit Bhattai quits 
http://goo.gl/6FuWe 
26.               
1/21/12 (Greece)  Institute of International Finance negotiator 
Charles Dallara quits 
http://goo.gl/NbPlt 
27.               
1/21/12 (Greece)  Institute of International Finance negotiator 
Jean Lemierre quits 
http://goo.gl/E3AkE 
28.               
1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov 
Alan Bollard to Step Down 
http://goo.gl/BwUgv 
29.               
1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO 
Fred Goodwin Stripped of Knighthood 
http://goo.gl/CoLVS 
30.               
2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO 
Louis von Zeuner resigns 
http://goo.gl/IP8nH 
33.               
2/02/12 (VENEZUELA) Banking Crisis 
Arne Chacon arrested for Banking Corruption 
http://goo.gl/bb5sh 
34.               
2/05/12 (USA - NY) Morgan's investment banking chairman 
Joseph Perella quit 
http://goo.gl/pG2jF 
35.               
2/05/12 (USA - NY) Morgan Stanley investment banking 
Tarek Abdel-Meguid quit 
http://goo.gl/bRv9K 
37.               
2/7/12 (USA) Bank Of America's Mortgage Business Chief 
Barbara Desoer Retires 
http://goo.gl/i7AUY 
39.               
2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?) 
http://goo.gl/PiQSy 
41.               
2/9/12 (UKRAINE) National Bank of Ukraine deputy governor 
Volodymyr Krotiuk quits 
http://goo.gl/8BuXy 
44.               
2/13/12 (KUWAIT) Kuwait Central Bank CEO 
Sheikh Salem Abdulaziz Al Sabbah resigns 
http://goo.gl/GFvIy 
45.               
2/14/12 (NICARAQUA) Nicaraqua Central Bank President 
Antenor Rosales resigns 
http://goo.gl/iQ0n8 
49.               
2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO 
Bozo Jasovic resigns 
http://goo.gl/TyYiJ 
50.               
2/16/12 (UK) The Financial Services Authority 
Margaret Cole is to step down 
http://goo.gl/yT6rS 
51.               
2/16/12 (GHANA) Databank Group Executive Chair 
Ken Ofori-Atta steps down 
http://goo.gl/c7PtU 
52.               
2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director 
Geoffrey Calvert Quits 
http://goo.gl/CtmOU 
54.               
2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader 
Jason Edinburgh Arrested 
http://goo.gl/WczHh 
55.               
2/16/12 (UK) Royal Bank of Scotland director equities bus. 
Vincent Walsh director Arrested 
http://goo.gl/I7Alo 
57.               
2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO 
Stephen Williams resigns 
http://goo.gl/4r16D 
59.               
2/17/12 (SWITZERLAND) SNB Council President 
Hansueli Raggenbass resigns 
http://goo.gl/1n1Nr 
60.               
2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive
 Zulfiqar Abbasi resigns 
 http://goo.gl/G0woP 
61.               
2/20/12 (RUSSIA) Head of Russian Bank Regulator 
Gennady Melikyan Steps Down 
http://goo.gl/Unuez 
64.               
2/20/12 (USA WA) First Financial Northwest Director 
Spencer Schneider Quits 
http://goo.gl/6Dj0i 
65.               
2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr 
Benigno Velez, resigns 
http://goo.gl/DuMrm 
66.               
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director 
Abdul Matlub resigns
 conflict of interest with director seat on unknown bank 
http://goo.gl/aEmwB 
67.               
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director 
Selima Ahmad resigns
 conflict of interest with director seat on unknown bank 
http://goo.gl/aEmwB 
68.               
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director 
Abdul Musabbir Ahmad resigns
 conflict of interest with director seat on unknown bank 
http://goo.gl/aEmwB 
69.               
2/21/12 (BANGLADESH) City General Insurance Co. Ltd director 
Geasuddin Ahmad resigns
 conflict of interest with director seat on unknown bank 
http://goo.gl/aEmwB 
70.               
2/21/12 (BANGLADESH) Social Islami Bank Limited director 
Taslima Akter resigns
 conflict of interest with director seat on Eastland Insurance Company Limited 
http://goo.gl/aEmwB 
71.               
2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from 
Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates. 
http://goo.gl/Z1rnw 
72.               
2/22/12 (HONG KONG) DZ BANK project finance head 
Tim Meaney quits
73.               
2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief 
Howard Wietschner to Retire 
http://goo.gl/x4Zsr 
75.               
2/23/12 (SCOTLAND) Royal Bank of Scotland Group director 
John McFarlane resigns. 
http://goo.gl/KoEUI 
77.               
2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate 
Kwang Meng Quek Resigns 
http://goo.gl/JIC9A 
80.               
2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman 
Stephen Fitzgerald quits 
http://goo.gl/nMTLW 
83.               
2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief 
Michel Péretié Steps Down 
http://goo.gl/IJ5Lw 
87.               
2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO 
Al Zain resigns 
http://goo.gl/hhHSm 
88.               
2/27/12 (IRAN) Bank Melli CEO
 Mahmoud Reza Khaavari Resigns - 
Flees to Canada! http://goo.gl/DDEUk 
92.               
2/28/12 (CHINA) Bank of China International ECM global head 
Marshall Nicholson quits 
http://goo.gl/26MYq 
93.               
2/28/12 (SINGAPORE) DBS security head 
Jim Pasqurell quits, cites health reasons 
http://goo.gl/NDJze 
94.               
2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts 
Brian Canniffe quits 
http://goo.gl/cRkCP 
95.               
2/28/12 (BELGIUM) KBC's CEO 
Jan Vanhevel is to retire after a career spanning 41 years. 
http://goo.gl/1rCWd 
96.               
2/28/12 (CANADA) Ontario Securities Commission chairwoman 
Peggy-Anne Brown quits 
http://goo.gl/HIYXv 
97.               
2/28/12 (AUSTRALIA) Bank manager 
Colin John Carleton jailed nine years for $3m theft 
http://goo.gl/ggPvq 
99.               
2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director 
Gerald Leissner resigns 
http://goo.gl/F0UgN 
100.            
2/28/12 (ITALY) UNICREDIT: Chairman 
Dieter Rampl not available for a new mandate 
http://goo.gl/7aLRU 
101.            
2/28/12 (UK) Bank of England 
Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013 
http://goo.gl/LkJhV 
102.            
2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director 
Keith Walsh resigns 
http://goo.gl/n6uoM 
103.            
2/29/12 (AUSTRALIA) Perpetual portfolio manager 
Matt Williams steps down 
http://goo.gl/Jh9jd 
105.            
3/1/12 (MALAYSIA) RHB Bank Bhd deputy managing director 
Renzo Viegas quits 
http://goo.gl/wACrI 
106.            
3/1/12 (ITALY) Italian Banking Association Chairman 
Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government's legislation on boosting competition. 
http://goo.gl/3llyT 
107.            
3/1/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits 
http://goo.gl/nA8g9 
108.            3/1/12 (USA) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG's third party asset management business, PineBridge still manages AIG assets
109.            
3/1/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going. 
http://goo.gl/BGugF 
111.            
3/2/12 (CHINA) China Construction Bank Corp, the assistant general manager and head of corporate banking 
Mickey Mehta quits 
http://goo.gl/B9dR0 
112.            
3/2/12 (USA) Deutsche Bank Student Loan CEO
John Hupalo quits to start student loan counseling firm. 
http://goo.gl/8kZuc 
113.            
3/2/12 (UK) Bank of England 
Sir Mervin King resigns in June, Lord Sassoon tipped as replacement. 
http://goo.gl/ZEUwf 
114.            
3/2/12 (BOTSWANA) Barclays Bank Botswana managing director 
Wilfred Mpai forced to resign 
http://goo.gl/npBe2 
115.            
3/2/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] 
Wilson Ng resigns  
http://goo.gl/wFSV8 
117.            
3/3/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO 
Gerald Wenzel will not be extended 
http://goo.gl/w99tD 
118.            
3/4/12 (KOREA)  Hana Financial Group Inc, prominent figure in the history of South Korean finance 
Kim Seung-yu , resigns 
http://goo.gl/fmNxY 
120.            
3/5/12 ( SAUDI ARABIA) Al Rajhi Bank CEO 
Abdullah bin Sulaiman Al Rajhi has resigned  
http://goo.gl/pNx0l 
Additional Resignations
Resignations From Government Offices Related to Banking
 
 Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com. 
 
 http://www.activistpost.com/2012/03/do-mass-banking-resignations-si...
             
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