Mass Resignations From World Banks – An Even Bigger List (81 Resignations), 27th February 2012

 

Thanks to this blog (American Kabuki) for this list. S/he did a great job of putting this list together. 81 resignations in 6 months is quite a number.

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BANK CEO AND EXECUTIVE RESIGNATION UPDATE 2/27/12
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81 RESIGNATIONS FROM WORLD BANKS:

(1) 9/01/11 (USA NY) Bank of New York Mellon Chief Resigns in a Shake-UP

http://loanworkout.org/2011/09/bank-of-new-york-mellon-chief-resign...

(2) 09/20/12 (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://www.heraldscotland.com/mobile/business/company-news/warning-...

(3) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis

http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resi...

(4) 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012

https://docs.google.com/viewer?url=http%3A%2F%2Fwww.snb.ch%2Fen%2Fm...

(5) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks

http://online.wsj.com/article/SB10001424052970203687504577003734190...

(6) 11/01/12 (INDIA) More directors of the Beed district bank resign

http://www.thenews.coop/article/more-directors-beed-district-bank-r...

(7) 11/02/12 (UNITED KINGDOM) 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://www.bankingtimes.co.uk/2011/11/02/lloyds-chief-on-sick-leave/

(8) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign

http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-ban...

(9) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam

(10) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]

http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF...

(11) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down

http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-c...

(12) 12/23/11 (USA VA) Bank feud: Chairman Giles quits VNB with other directors

http://www.readthehook.com/102524/bank-feud-chairman-giles-quits-vn...

(13) 1/01/12 (NIGERIA) The Board of United Bank for Africa Plc, the pan African financial services Group with presence in 19 countries across Africa, has accepted the resignation of Mr. Victor Osadolor, from the board with effect from January 9, 2012.

http://www.ubagroup.com/mediacentre/newsdetails/343

(14) 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Maor steps down after 16 years

http://www.reuters.com/article/2012/01/01/leumi-ceo-resignation-idU...

(15) 1/03/12 (USA VA) Suffolk Bancorp president and CEO steps down

http://riverheadlocal.com/local-news/4114-suffolk-bancorp-president...

(16) 1/03/12 (UNITED KINGDOM) Departures from Board at Arbuthnot Banking Group: Neil Kirton
Shortly before the market closed at 12.30 p.m. on Friday the company disclosed that Neil Kirton had resigned from the Board the previous day.

http://www.stockmarketwire.com/article/4285058/Departures-from-Boar...

(17) 1/03/12 (UNITED KINGDOM) Departures from Board at Arbuthnot Banking Group: Atholl Turrell
It has today stated that Atholl Turrell has left the Board.

http://www.stockmarketwire.com/article/4285058/Departures-from-Boar...

(18) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down

http://www.ftadviser.com/2012/01/05/ifa-industry/people/saunderson-...

(19)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns

http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html

(20) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits

http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-q...

(21) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits

http://www.expatica.com/es/news/spanish-news/spanish-bank-santander...

(22) 1/30/12 (UNITED KINGDOM) Head Of UK Private Bank Steps Down [Butterfield Private Bank]

http://www.wealthbriefing.com/html/article.php?title=Head_Of_UK_Pri...

(23) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits

http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-...

(24) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September

http://www.bloomberg.com/news/2012-01-29/new-zealand-reserve-bank-g...

(25) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on

http://www.france24.com/en/20120121-banks-top-negotiator-quits-gree...

(26) 2/01/12 (SOUTH AFRICA) ABSA falls as deputy CEO steps down [UK Barclay's Bank Controlledl

http://m.news24.com/fin24/Companies/Financial-Services/Absa-falls-a...

(27) 2/01/12 (UNITED KINGDOM) Truett Tate - Lloyds Bankging Group head of wholesale quits

http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-q...

(28) 2/01/12 (UNITED KINGDOM) Tim TOokey - Llyods Banking Group leaving end of February having served as interim group chief executive in addition to group finance director

http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-q...

"Mr Tookey, who has been with the group since 2006, will leave at the end of February after preparing the bank’s accounts for 2011. He will not get a pay-off."

http://www.heraldscotland.com/mobile/business/company-news/warning-...

(29) 2/02/12 (VENEZUELA) Key Chavez Minister Resigns Amid Banking Corruption Fallout

http://www.laht.com/article.asp?CategoryId=10717&ArticleId=348565

(30) 2/05/12 (USA - NY) Two Top Morgan Stanley Bankers Resign

http://www.stockbroker-fraud.com/lawyer-attorney-1133774.html

(31) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh...

(32) 2/7/12 (USA) Bank Of America’s Mortgage Business Chief Resigns

http://www.mortgageorb.com/e107_plugins/content/content.php?content...

(33) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank

http://articles.economictimes.indiatimes.com/2012-02-07/news/310311...

(34) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)

http://finance.yahoo.com/news/iran-denies-central-bank-resignation-...

(35) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal

http://articles.businessinsider.com/2012-02-09/europe/31040509_1_an...

(36) 2/10/12 (KOREA) Korea Exchange Bank chief steps down

http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20...

(37) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns

http://www.business-standard.com/india/news/tamilnad-mercantile-ban...

(38) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns

http://www.washingtonpost.com/business/industries/kuwait-central-ba...

(39) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns

http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-hea...

(40) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank

http://www.socialenterpriselive.com/section/news/people/20120214/so...

(41) 2/14/12 (UKRAINE) The National Bank of Ukraine issued a short statement on Thursday announcing the resignation of deputy governor Volodymyr Krotiuk.

www.centralbanking.com/central-banking/news/2145127/ukraine-deputy-...">http://webcache.googleusercontent.com/search?q=cache:63Yjqc2bApkJ:www.centralbanking.com/central-banking/news/2145127/ukraine-deputy-...

(42) 2/15/12 (WORLD) World Bank CEO Zoellick resigns

http://business.time.com/2012/02/15/world-bank-president-zoellick-r...

Did the White House tell the World Bank president that he’s out?

http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house...

(43) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign

http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-b...

(44) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign

http://www.centralbanking.com/central-banking/news/2152753/parliame...

(45) 2/16/12 (UNITED KINGDOM) The Financial Services Authority’s (FSA’s) interim managing director, Conduct Business Unit, Margaret Cole, is to step down later this year.
FSA is the regulator of all providers of financial services in the UK; Bank of England retains
responsibility for systemic risk.

http://www.bankingtimes.co.uk/2012/02/16/fsas-cole-to-step-down/

(46) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group

http://business.thinkghana.com/pages/finance/201202/57429.php

(47) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits

www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4...">http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4...

(48) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns

http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-...

(49) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested

http://www.telegraph.co.uk/finance/financial-crime/9086930/Senior-b...

(50) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns

http://www.theaustralian.com.au/business/wall-street-journal/andrew...

(51) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer

http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/

(52) 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass To Leave Central Bank

http://online.wsj.com/article/BT-CO-20120217-710604.html

(53) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-onli...

(54) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down

http://newsley.com/articles/head-of-russian-bank-regulator-steps-do...

(55) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns

http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private...

(56) 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd. : Mr. Zvi Itskovitch Announces his Decision to Redesign From Bank Leumi

http://www.4-traders.com/BANK-LEUMI-LE-ISRAEL-LTD-6491695/news/BANK...

(57) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank

http://investing.businessweek.com/research/stocks/private/snapshot....

(58) 2/20/12 (USA WA) First Financial Northwest Director Quits in Candy Austerity Push[shades of the movie The Caine Mutiny?] First Financial Northwest Inc., a Renton, Washington-based lender, said director Spencer Schneider resigned after asking the bank to remove pictures of past directors and serve only hard candies at annual meetings.Schneider made the requests at a Feb. 15 board meeting as “symbols of austerity,” and also asked that the bank suspend serving refreshments at the annual shareholders’ meeting, offering just hard candies instead, he said. Schneider, general counsel for shareholder Joseph Stilwell, resigned immediately when the company asked that his requests be placed on the agenda for a board meeting next month, the bank said yesterday.

http://www.businessweek.com/news/2012-02-20/first-financial-northwe...

(59) 2/21/12 (ARGENTINA) The general manager of the Central Bank of Argentina (BCRA), Benigno Velez, resigned his position today.

http://m24digital.com/en/2012/02/21/the-general-manager-of-the-bcra...

(60) 2/21/12 (BANGLADESH) Five bank, insurance directors resign

http://www.thefinancialexpress-bd.com/more.php?news_id=120917&d...

(61) 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://www.bloomberg.com/news/2012-02-21/citigroup-stakes-u-s-mutua...

(62) 2/22/12 (USA) Wietschner, Goldman Hedge Fund Advisory Chief, Retires

https://www.finalternatives.com/node/19689

(63) 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank

http://mobile.bloomberg.com/news/2012-02-23/standard-bank-says-merr...

(64) 2/23/12 (SCOTLAND) Royal Bank of Scotland Group has announced that John McFarlane will step down as a Non-executive Director on 31 March 2012, as a regulatory condition of his impending appointment at Aviva.

(65) 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns, may start up law firm

http://www.legallyindia.com/201202242600/In-house-counsel/breaking-...

(66) 2/24/12 (HONG KONG) Citigroup Private Bank’s Co-Head of Global Real Estate Resigns
Feb. 24 (Bloomberg) — Kwang Meng Quek, co-head of the global real estate group at Citigroup Inc.’s private banking unit, resigned.

http://www.businessweek.com/news/2012-02-24/citigroup-private-bank-...

(67) 2/24/12 (NEW ZEALAND) FSF Executive Director resigns
After two years leading the Financial Services Federation (“FSF”) executive director, Kirk Hope has resigned to take up the role of chief executive of the New Zealand Bankers? Association.

http://www.voxy.co.nz/business/fsf-executive-director-resigns/5/115797

(68) 2/24/12 (USA) Evercore’s Mestre steps down as U.S. banking head
(Reuters) – Eduardo Mestre has stepped down as day-to-day head of Evercore Partners Inc’s U.S. investment banking business, the New York-based company said in a regulatory filing

(69) 2/25/12 (AUSTRALIA AND NEW ZEALAND) Goldman Sachs: Fitz quits
Stephen Fitzgerald has resigned as Australia and New Zealand chairman and advisory director at Goldman Sachs, after 20 years with the bank. His departure comes less than a year after Goldman took full control of its Australian joint venture, formerly known as Goldman Sachs JBWere.

http://www.ifrasia.com/goldman-sachs-fitz-quits/21001856.article

(70) 2/27/12 (GERMANY) Deutsche Bank Americas chief steps down

http://www.cbsnews.com/8301-505245_162-57385821/deutsche-bank-ameri...

(71) 2/27/12 (BAHRAIN) Ebrahim Ebrahim quits as CEO of Khaleeji Commercial Bank

http://www.cpifinancial.net/news/post/12845/ebrahim-ebrahim-quits-a...

(72) 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down

http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-c...

(73) 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns

http://twentyfoursevennews.com/banking-finance/elaf-bank-ceo-dr-el-...

(74) 2/27/12 (JAPAN) Nomura’s Head Of Wholesale Banking Quits

http://atomiclotusbox.wordpress.com/2012/02/27/nomuras-head-of-whol...

(75) 2/27/12 (INDIA) Falguni Nayar Quits Kotak Mahindra Bank

http://atomiclotusbox.wordpress.com/2012/02/27/falguni-nayar-quits-...

(76) 2/27/12 (GERMANY) Equiduct chairman steps down

http://www.efinancialnews.com/story/2012-02-27/equiduct-chairman-st...

(77) 2/27/12 (BAHRAIN) Al Zain steps down as Mumtalakat Holding CEO
The board of directors of Bahrain Mumtalakat Holding Company (Mumtalakat),Bahrain’s Sovereign Wealth Fund, has accepted the resignation of the Chief Executive Officer, Talal Al Zain, following the completion of a four year term as head of the investment arm for non-oil and gas assets of the Kingdom of Bahrain.

http://twentyfoursevennews.com/bahrain-news/al-zain-steps-down-as-m...

(78) 2/27/12 (IRAN) Iran’s Bank Melli CEO Resigns Over Loan Scam

http://atomiclotusbox.wordpress.com/2012/02/27/irans-bank-melli-ceo...

(79) 2/27/12 (INDIA/KASHMIR) AJK Bank’s Executive Steps Down

http://www.monitorkashmir.com/content/ajk-bank-s-executive-steps-do...

(80) 2/27/12 (UNITED KINGDOM) Moreno to step down at Lloyds Banking Group
Lloyds Banking Group has announced that Glen Moreno, its senior independent director, intends not to seek re-election at the bank’s annual general meeting on 17th May, and will retire from the board on that date.

http://www.bankingtimes.co.uk/2012/02/27/moreno-to-step-down-at-llo...

(81) 2/28/12 (HONG KONG) Leung `to enjoy life’ as she calls it quits

http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=...

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Source: Spiritual Truth Blog (http://s.tt/15N3q)