March 15, 2012
"Some big names on Wall Street are eager to step out of the spotlight after enduring years of financial-crisis turbulence and negative attention from politicians and protesters, said Peter Ressler, the chief executive of RMG Search."
Love and Peace,
Special thanks to Gabriel at http://www.facebook.com/MassResignations for tracking Insurance, Government and Healthcare Resignations. Also special thanks to Sophie who has kept me very busy with some very good URLs.
358 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
I don't mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.
INC = Incorporated (can be private held or publicly traded shares)
PLC = Public Limited Company (publicly traded shares can be listed or unlisted on stock market)
LTD = Limited Company (privately held)
LLC = American version of LTD, but can have a shareholder/member that is an INC, often hybrids of both
AG = German version of PLC
AB = Swedish version of PLC
SA = Society Anonymous in various Latin languages - same as PLC
NV = Dutch version of PLC
BV = Dutch version of LTD
LP = Limited Partners (partnership with limited liability)
REIT = Real Estate Investment Trust
(USA NY) Bank
of New York Mellon Chief Robert P. Kelly Resigns in a
Dexia confirmed that its CEO Stefaan Decraene had left the company.
Its exposures to sovereign debt in the PIIGS nations are larger than its
core Tier 1 capital.
European Central Bank (ECB) governing board member Jürgen Stark, who
(HONG KONG) HSBC
Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
Columbia Bank CEO Raymond G. Hallock Announces Retirement
AMP NZ Office Limited (ANZO), Mark Verbiest has resigned as a
director. His resignation arises due to his desire to devote the
necessary time and energy to his prospective new role as Chairman of
Telecom, assuming the Telecom demerger is sanctioned by Telecom
Morgan Stanley, Chairman John Mack resigns
Bank governor Faris Sharaf resigns over policy
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.
(AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide
Securities Services CEO Jane Perry resigned
CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
- 9/25/11 (USA CA) Douglas E. Tow, Executive Vice President and Chief Credit Officer, will retire from the Company http://goo.gl/24aAU
Bank Council: Fritz Studer resigns as per end-April 2012
BLIFE Investment Corporation, Asset Manager Director Masaomi Yamadaira
Barclays, Head of UK & European Retail Banking Deanna Oppenheimer
New Mexico Pension Fund Director Terry Slattery Resigns
AIMS AMP CAP INDUSTRIAL REIT, Ms Tang Buck Kiau resigned.
Federal Reserve Bank of Kansas City President Thomas M. Hoenig retired
on Oct. 1, 2011
The of Euram Bank Asia, president Arun Panchariya, has resigned
after being implicated in a stock trading scandal in India.
Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
(USA FL) Quantek
Opportunity Fund, portfolio manager Javier Guerra. Arbitration
awarded $1 million damages to Aris Multi-Strategy Fund. Quantek
Asset Management made false statements to Aris.
UBS co-chief François Gouws of global equities had resigned after
last month’s revelation of a $2.3 billion loss from unauthorized trading.
UBS co-chief Yassine Bouhara of global equities had resigned
after last month’s revelation of a $2.3 billion loss from unauthorized
Dexia (Franco-Belgian bank) its chairman Jean-Luc Dehaene will give
up his role on the board of Dexia's Belgian division, which is being sold
to the Belgian state as part of a rescue deal, the group said on Monday.
BlackRock, head of sterling portfolios and manager of the Corporate Bond
fund, Paul Shuttleworth, has resigned after 11 years at the firm.
Funds, portfolio manager David Taylor has resigned.
China Construction Bank Non-Executive Direct Sue Yang resigns for
Cogent Partners co-head research department Katita Palamar
Cogent Partners co-head research department Bill Farrell resigned.
Deutsche Bank Investment Advisor Griffin Perry resigns, SEC
regulations prevented him from campaigning for his father Rick Perry's
Fairholme Capital Management LLC, Director Charles Fernandez
stepped down for personal reasons. Fairholme Fund has lost 26 percent
of its net asset value due to bets that have backfired on AIG Inc, Bank of
America Corp and Florida-based landowner and developer St Joe Co.
Icelandic State Financial Investments board members of Icelandic State
Financial Investments have resigned following “outside interference” with
their Sept. 30 decision to hire Pall Magnusson, the former political adviser
to the island’s industry minister, as chief executive officer. [names
and positions have been requested from the reporter on 3/9/12]
Keppel Corporation Limited, Teo Soon Hoe will resign from his role
as group finance director Jan 1.
Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for
embezzling Maharashtra State Electricity Distribution Company Ltd payment
Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for
embezzling Maharashtra State Electricity Distribution Company Ltd payment
Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside.
Duffy has prostate cancer.
Construction Bank Corp Chairman Guo Shuqing resigns
Bank of China Ltd Chairman Xiang Junbo resigns
(EUROPEAN COMMUNITY) European Central Bank President Jean-Claude Trichet,
District Bank (Coop Bank More directors resign [research still being
conducted on the names]
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
Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President
of the Management Board of Nordea Bank Poland as of the 10th of November.
MF Global, Jon Corzine, stepped down as chairman and CEO, hired
criminal attorney to represent him.
Mercantile Exchange (SMX), CEO Framroze Pochara quits.
The Singapore Fund, Inc, Austin C. Dowling has resigned as Director
of the Fund
HSBC Israeli desk, managing director Issac Doueck resigned.
HSBC Israeli desk, senior representative Simon Hakim resigned.
HSBC Israeli desk, head of Israel Dan Sagi resigned.
(USA NY) HSBC
Israeli desk, ????? resigned.
HSBC Israeli desk, ????? resigned.
(EUROPEAN COMMUNITY) European Central Bank Lorenzo Bini Smaghi
resigned from the European Central Bank’s Executive Board.
Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from
the investment bank after 19 years
UBS The head of India operations at UBS AG , Manisha Girotra, has
Icahn Enterprises LP, senior managing director of health-care investing, Alex
Denner, has resigned.
(EUROPEAN COMMUNITY) International Monetary Fund Europe, director Antonio
Borges resigns for personal reasons.
Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
Scottish Widows Investment Partnership Limited (SWIP) Private Equity Fund,
wish to announce the resignation of John Brett from the Board of
Directors of the Company, for business reasons.
Japan Investment Banking Chairman Matsui to Resign
(USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns
for personal reasons. Bank of the Carolinas was delisted from the NASDAQ
AXA Rosenberg Management Ireland Limited, director Simon Vanstone
Latvia’s chief banking regulator, Irena Krumane, said she resigned
today, a week after the state took over Latvijas Krajbanka AS (LKB1R), the
Baltic News Service reported. The bank regulator suspended operations at
Krajbanka, a subsidiary of Lithuania’s Bankas Snoras AB, on Nov. 21 and
said around 100 million lati ($191.8 million) was missing. The
Lithuanian government seized Snoras on Nov. 16 saying assets reported on
the lender’s balance sheet were missing.
David Land Submits Resignation from the Boards of Directors of
Peoples Bancorp. and Seneca National Bank
Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen,
AXA Real Estate Investment Managers, Global head of business development,
strategy and research for Kiran Patel, has handed in his
resignation. Patel was with the firm for 11 years.
Lithuania Central Bank, Governor Vitas Vasiliauskas fired Kazimieras
Ramonas, head of the banking supervision department, after seizing
Bankas Snoras AB, the country’s third-biggest deposit bank.
(SRI LANKA) Sri
Lanka's Securities and Exchange Commission (SEC) head Indrani
NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan,
South Carolina's $25 billion pension fund chief investor Robert Borden
resigned. Borden's resignation comes as the SC Retirement System faces a
$13 billion deficit, prompting state lawmakers to call for a massive
overhaul of the system.
HSBC Bermuda Ltd, chairman of the board and director John Campbell
HSBC Bermuda Ltd, CEO Philip Butterfield retires
Western Liberty Bancorp CFO George Rosenbaum has resigned.
Fidelity Global Special Situations Fund, manager Jorma Korhonen
Nomura's co-head of equity-linked solutions Neeraj Hora, resigns
Alliance Africa Pioneer Fund I (the "Fund"), Portfolio Manager Paul
David Austin Clark resigned
Goldman Sachs global head Milton R. Berlinski retiring at the end
of the year
[private bank] Senior private banker James Fleming resigns
Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn
Squires has resigned
Japan CEO, Darren Buckley, resigns after Citibank was punished by
regulators for the third time in seven years.
Danske Bank Peter Straarup, who will retire February 15
Danske Bank Eivind Kolding has resigned as Chairman of the Board of
Directors and from the three board committees on which he served, He
continues as member of Danske Bank’s Board of Directors until he assumes
the position of Chairman of the Executive Board on 15 February 2012. On
the same day, at the latest, Eivind Kolding will resign from the A.P.
Prudential (UK) Chairman Harvey McGrath has informed the Board of
his intention to retire from the Board in 2012 once a successor has been
Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
Voyager Bank, fired CEO trade accusations, New details have emerged in
Voyager Bank's firing of its CEO in a court filing that accuses him of
defrauding the bank of $15 million. The former CEO, Timothy Owens,
has sued the bank for wrongful termination and accused the bank of
Virginia National Bank (VNB) Chairman Mark Giles quits
Virginia National Bank (VNB) Board Member Claire Gargalli quits
Virginia National Bank (VNB) Board Member Leslie Disharoon quits
Virginia National Bank (VNB) Board Member Neal Kassell quits
Third Avenue Value Fund, co-manager Marty Whitman is leaving.
Bank for Africa Plc Victor Osadolor resigns
Bank Leumi CEO Galia Maor steps down after 16 years
Marfin Popular Bank Public Co Ltd, Mr Eleftherios Hiliadakis has
resigned from the Board of Directors.
(USA VA) Suffolk
Bancorp president and CEO J. Gordon Huszagh steps down
Michael Falbo, president and CEO of Southport Bank, has resigned
just six months after accepting the position.
Banking Group: Neil Kirton resigned from the Board
Banking Group: Atholl Turrell left the Board.
House [Private Bank] CEO Nick Fletcher steps down
Blackstone/GSO Senior Floating Rate Term Fund and Blackstone/GSO
Long-Short Credit Income Fund announced that John R. O’Neill has
Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB
announced retirement of CEO Nofal Barbar from its London office.
Chairman Philipp Hildebrand resigns
(USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William
M. Daley resigned
Morgan Stanley Chief Legal Officer Frank Barron retires.
Temenos Group AG, provider of core banking software announced the
resignation of Mark Austen as a member of the Board of Directors.
Security Bank of Springfield, president and CEO Steve Cour has
announced plans to retire at the end of June.
BTA Bank, CEO Marat Zairov resigns for health reasons.
La Banque Privée Edmond de Rothschild, CEO Claude Messulam
resigns, replaced by Christophe de Backer, Claude Messulam to become a director
of the bank holding company.
Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
Goldman Sachs, Co-Head Securities Trading David B. Heller retires
National Asset Management Agency, head of lending Graham Emmett is
World Bank, Vice President for Africa, Oby Ezekwesili will retire
from her position at the World Bank in May.
Cumberland Private Wealth Management CIO John Wilson quit to join
another money manager.
Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David
Morgan Stanley Intl, chairman Walid Chammah is retiring. An inside
source speculated that it could mean that the company had suffered
exposure to European sovereign debt woes under Chammah's purview.
Commercial Bank of Kuwait S.A.K. Board Member Ali Yousef Al Awwadhy resigned.
Bank of Kuwait S.A.K. Board Member Miss Anoud Fadhel Al Hathran
Commercial Bank of Kuwait S.A.K. Board Member Mr. Tarek Farid Al Othman
Commercial Bank of Kuwait S.A.K. Board Member Mr. Salem Ali Hassan Al
Bank of Kuwait S.A.K. Board Member Mr. Majed Ali Oweid Awadh
Commercial Bank of Kuwait S.A.K. Board Member Mr. Badr Suliman Al Ahmed
Goldman Sachs co-heads of Goldman's securities business David Heller
Goldman Sachs co-heads of Goldman's securities business Edward Eisler
Goldman Sachs co-head of its investment management division Ed Forst
Santander, senior director Americas division Francisco Luzón is retiring
with a pension pot of about €56m, a package whose generous size is
expected to reignite controversy over bankers’ remuneration.
Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of
Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from
board of directors.
JPMorgan Chase, Mortgage Banking Default organization head Scott Powell
has decided to leave the bank.
head of wholesale banking Jasjit Bhattai quits
First National Bank's sharia banking division is in a state of flux after
it was hit by a corporate governance scandal in which its chief executive,
Ebi Patel, was put on "special leave" for almost a month
while an internal probe was conducted. Patel has been reinstated, but is
facing disciplinary action. Islamic finance forbids the payment
and receipt of interest (riba), and investment in some industries. Sharia
law states that interest-bearing transactions result in economic ills such
as unemployment and high inflation. Trading in derivatives and speculative
investment are also forbidden. Sharia law requires all transactions to be
backed by tangible assets.
TIAA-CREF executive vice president and president of Asset Management, Scott
C. Evans resigned
(SOUTH AFRICA) South
African deputy economic development minister Enoch Godongwana quit
his post this week in the face of growing outrage in government circles
about his involvement in a company that allegedly defrauded clothing
factory workers of R100-million of their pension fund money.
Private Bank head Danny Dixon Steps Down
ANZ Asia's private banking head Nina Aguas resigns as managing
director of Asia-Pacific private banking.
(USA CA) Nara
Bancorp (Now called BBCN) President and CEO Min Kim Resigns
National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii,
will resign before year end.
Deutsche International Corporate Services Limited fund, Paul Shevlin
resigned as a director
Global Fund to Fight AIDS, Tuberculosis and Malaria, Dr. Michel
Kazatchkine, a French clinical immunologist and head of the $22.6
billion fund has abruptly resigned, since revelations about corruption and
misspending severely rattled some of its biggest donors. The
resignation came on the eve of the World Economic Forum meeting in Davos,
which played a role in its creation a decade ago. A dinner for the
public-private fund is planned Thursday with U.N. Secretary-General Ban
Ki-moon and major backers Bill Gates and the Bill & Melinda
Gates Foundation. The shakeup resulted from an internal review to
address problems highlighted in Associated Press stories last year about
the loss of tens of millions of dollars in grant money because of
mismanagement and alleged fraud. Its biggest private donor is the
Bill & Melinda Gates Foundation, which has pledged $1.15 billion and
provided it with $650 million so far.
(UK) SOFIA PROPERTY FUND LIMITED, Gerry Williams has
resigned as a Director, following his resignation from Ardel Holdings
Limited ("Ardel") where he was CEO. Ardel is the holding company
of Ardel Fund Services Limited which provides administration services in
Guernsey to the Company.
(USA NY) Fortress
Private Equity, CEO Daniel Madrid (aka Daniel Mudd) has resigned.
Madrid was forced to leave in order to deal with SEC allegations. Prior to
joining Fortress, Madrid served as Fannie Mae CEO and was forced to
resign. SEC sued Madrid and former Freddie Mac CEO Richard West Long
(aka Richard Syron) for hiding hundreds of billions of dollars in subprime
loans. Madrid denied the SEC allegations saying the US govt. and
investors were informed of Fannie Mae’s loan data.
http://goo.gl/u9IdB and http://goo.gl/v94ik and http://goo.gl/tXQwP
AIMS AMP CAP INDUSTRIAL REIT, Mr Graham Sugden resigned.
(SOUTH AFRICA) ABSA
Group COO Alfie Naidoo would be leaving to pursue personal
(SOUTH AFRICA) ABSA
Group chief marketing and communication officer Happy Ntshingila,
will be taking up an "exciting position" outside banking
(SOUTH AFRICA) ABSA
Group CEO Daphne Motsepe retires at the end of April after a
10-year career at the bank.
Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado
(NEW ZEALAND) New
Zealand Reserve Bank Gov Alan Bollard to Step Down
Emirates 's investment banking division CEO Suresh Kumar is leaving
Private Equity and Venture Capital Association (BVCA) COO Andrew Graham
Royal Bank of Scotland former CEO Fred Goodwin Stripped of
Arab Bank Syria Board member Basma Talal Zein resigns.
(SOUTH AFRICA) ABSA
[Barclay's Bank] deputy CEO Louis von Zeuner resigns
Banking Group head of whole saleTruett Tate quits
Banking Group Tim Tookey leaving end of February
Crisis Arne Chacon arrested for Banking Corruption
American Perspective Bank, President and CEO Thomas J. Beene
- 2/02/12 (USA) NIR Group hedge funds, Corey Ribotsky was forced out of NIR by Pricewaterhouse-Coopers, the court-appointed liquidator, following allegations of fraud by the Securities and Exchange Commission. In September, the SEC sued Ribotsky and NIR for taking more than $1 million of investors’ money to buy cars and watches.
Rosenberg Management Ireland Limited, director Nathalie Savey
VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst
Geicke has resigned.
UBS London trader, Kweku M. Adoboli, was arrested and charged with
fraud and false accounting, forcing UBS to announce a $2.3 billion trading
(USA - NY) Morgan's
investment banking chairman Joseph Perella quit
(USA - NY) Morgan
Stanley investment banking Tarek Abdel-Meguid quit
Bank CEO Amitabh Chaturvedi quits:
(USA NY) TD
Ameritrade, head of retail distribution John Bunch resigns. Bunch
is leaving to take the top job at a small investment advisory firmin
Of America's Mortgage Business Chief Barbara Desoer Retires
Mahindra Bank Falguni Nayar quits
denies central bank resignation rumor (don't believe until its denied?)
Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
(USA OH) Cleveland
International Fund (CIF) private equity fund, A. Eddy Zai
launched and led the Cleveland International Fund, an investment outfit
that pairs wealthy foreign investors hoping for U.S. residency
with job-creating projects. Zai resigned from his job this week, before
being indicted in a bank-fraud scheme that, according to investigators,
contributed to the collapse of a credit union in Eastlake.
Emirates NBD makes top-level changes Bank's deputy chief executive officer
Abdul Wahed Al Fahim has resigned.
Institute for Religious Works (IOR aka "Vatican Bank"), 62
year old Monsignor Emilio Messina, the Archdiocese of Camerino-San
Severino Marche investigated on money laundering by Italian officials.
Institute for Religious Works (IOR aka "Vatican Bank"), 49 year
old Father Don Salvatore Palumbo of the socially popular parish of
Institute for Religious Works (IOR aka "Vatican Bank"), 37
year old Father Horace Bonaccorsi of Catania, already tried and
acquitted in Sicily for money laundering offenses recycling money through
accounts at IOR
Institute for Religious Works (IOR aka "Vatican Bank"), 85
year old Father Don Evaldo Biasini of Rome. Father Don Evaldo
Biasini is known as the "Don of Cash".
Bank of Ukraine deputy governor Volodymyr Krotiuk quits
Morgan Chinese Investment Trust PLC, non-executive Director Madam
Yujiang Zhao resigned
Alliance Trust Savings (ATS), Robert Burgess is stepping down as
Exchange Bank chief Larry Klane steps down
Mercantile Bank CEO A K Jagannathan resigns
Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
Goldman Sachs confirmed on Monday that George N. Mattson, one of
the firm’s top deal makers in the industrial sector, will retire. He was a
senior relationship banker with a client list that included General
Motors, General Electric and Caterpillar.
Honduras finance minister William Chong Wong, resigned on Monday
after the International Monetary Fund (IMF) said the country did not reach
its deficit and monetary targets for 2011.
Central Bank President Antenor Rosales resigns
finance pioneer Malcolm Hayday quits Charity Bank
National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
Goldman Sachs Jeffrey Moslow resigns, an investment banker to
companies such as Tyco International Ltd, Nstar, the Boston-based utility,
and defense contractor Dyncorp International Inc.
HPA - Hospitality Property Fund Limited, chairman Frank Berkeley
Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto
Bank CEO Zoellick resigns
Did the White House tell the World Bank president that he's out?
non-executive chairman Stanley Stephen Roach will be retiring.
Kreditna Banka Maribor CEO Andrej Plos resigns
Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of
CIFC Corp resigned.
Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC
Corp, resigned both positions.
Financial Services Authority Margaret Cole is to step
Group Executive Chair Ken Ofori-Atta steps down
(SAUDI ARABIA) Saudi
Hollandi Banks Managing Director Geoffrey Calvert Quits
Bank Australia CFO Peter Marriott resigns
Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
Bank of Scotland director equities bus. Vincent Walsh director
Spectron senior trader Michael Elsom Arrested
Bank of Scotland Austraila CEO Stephen Williams resigns
Coronation Fund Managers CEO Hugo Nelson is stepping down at age of
PICIC Asset Management Company Limited CFO Ahmed Raza resigns
(USA NY) Goldman
Sachs CEO Lloyd Blankfein out as by summer
Council President Hansueli Raggenbass resigns
Insight Investment, asset manager Mike Pinggera has resigned..
Harbinger Group Inc. CFO Francis T. McCarron has advised the
Company of his resignation effective April 30
Bulgaria National Health Insurance Fund (NHIF), The managing director Neli
Nesheva, resigned after a two-day row about end-of-year bonuses paid
by NHIF to its employees.
Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
Bank of Valletta, director of the Multi-Manager Fund John C. Ripard,
has resigned being reprimanded by the MFSA for disposing of his holdings
in the Fund whilst in possession of sensitive information which was not
available to the public.
of Russian Bank Regulator Gennady Melikyan Steps Down
Suisse Chief Joseph Tan resigns
Leumi le-Israel Ltd: Zvi Itskovitch resigns
(USA WA) First
Financial Northwest Director Spencer Schneider Quits
Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
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.
(HONG KONG) DZ
BANK project finance head Tim Meaney quits
Macquarie International Infrastructure Fund's CEO John Stuart to
(USA NY) Goldman
Sachs Hedge Fund Group Chief Howard Wietschner to Retire
UBS AG’s (UBSN) Doug McCutcheon, head of Healthcare
Banking in Europe, Middle East, Africa and Asia-Pacific region, has
left Switzerland’s biggest bank after 25 years at the firm.
Goldman Sachs Nordic M&A banker Luca Ferrari has decided to
retire from the firm, clients included the largest telecommunications
operator in Spain the Spanish telecommunications.
(SOUTH AFRICA) Richard
Gush resigns from Standard Bank
Bank of Scotland Group director John McFarlane resigns.
Spearpoint Limited (SPL) Investment Funds, director Mike Kirby
resigns for business reasons.
ICICI Bank GC Pramod Rao resigns
(HONG KONG) Citigroup
Pvt Bank Global Real Estate Kwang Meng Quek Resigns
(NEW ZEALAND) FSF
Executive Director Kirk Hope resigns
(USA NY) Evercore
Partners Head Eduardo Mestre steps down
(AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
European Investment Bank (EIB), Mr Sigmund Lubanski, of the Kingdom
of Denmark tendered his resignation.
Bank Americas chief Seth Waugh steps down
Commercial Bank CEO Ebrahim Ebrahim quits
Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
Generale’s Investment Banking Chief Michel Péretié Steps
Bank CEO Dr El Jaroudi resigns
chairman Artur Fischer steps down
Melli CEO Mahmoud Reza Khaavari Resigns
- Flees to Canada!
Saderat CEO Mohammad Jahromi resigns
Banking Group Glen Moreno steps down
Standard Chartered Bank, global head of repo and collateralised financing Tanweer
(HONG KONG) Hang
Seng Bank CEO Margaret Leung Ko May-yee quits
of China International ECM global head Marshall Nicholson quits
security head Jim Pasqurell quits, cites health reasons
(HONG KONG) Bank
of America's Asia-Pac. mrkts Brian Canniffe quits
CEO Jan Vanhevel is to retire after a career spanning 41
Securities Commission chairwoman Peggy-Anne Brown quits
manager Colin John Carleton jailed nine years for $3m
(SRI LANKA) Sri
Lanka Com Bank CEO Amitha Gooneratne retires
(SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
Chairman Dieter Rampl not available for a new mandate
of England Sir David Lees re-appointed Chair of Bank of
England and gives notice of resignation at end of 2013
State Street Global Advisors Cash Funds plc Director Keith Walsh
portfolio manager Matt Williams steps down
Capital CEO Richard Pearson steps down
National Investment and Commercial Investments Ltd. (NICIL), Executive
Director Winston Brassington resigns, “We feel that (Winston)
Brassington knows everything…A to Z about all the transactions,” said
Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he
sounded a warning that controversial figure could be subpoenaed to
appear before the Parliamentary Economic Sector Committee.
Bank Bhd deputy managing director Renzo Viegas quits
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
(USA FL) Florida
Venture Forum [Venture Capital] Exec Dir Robin Lester quits
(USA NY) 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
UBS Singapore - James Tulley is leaving Switzerland’s largest bank,
it is not clear where he is going.
(USA NH) Piscataqua
Savings Bank CEO Jay Gibson retires
Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar
Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad
Child will retire
China Construction Bank Corp, assistant general manager and head of
corporate banking Mickey Mehta quits
(USA NY) Deutsche
Bank Student Loan CEOJohn Hupalo quits to start student loan
Bank of England Sir Mervin King resigns in June, Lord Sassoon
tipped as replacement.
- 3/02/12 (BOTSWANA)
Barclays Bank Botswana managing director Wilfred Mpai forced to
New Century Group Hong Kong Ltd [investment house and leisure group]
Wilson Ng resigns
Citigroup Richard Parsons to step down as chairman
Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be
Bank’s board dismisses president Leulseged Teferi
Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend
of Rathmore) and his wife killed at Estonia holiday home
http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP
Hana Financial Group Inc, prominent figure in the history of South
Korean finance Kim Seung-yu , resigns
JP Morgan prop trading chief Mike Stewart quits
Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
Jupiter fund co-manager Tony Nutt steps down
Jupiter fund co-manager John Hamilton steps down
Insured Group Bill Jeffries has resigned as chairman and director
Reliance Bancshares chairman Patrick Gideon resigned
Charterhouse partner Gordon Bonnyman is stepping down.
HgCapital, partner Lindsay Dibden is leaving after 20 years.
Blackstone Group's Paris office leader Jean-Michel Steg will step
Jamaica Money Market Brokers Limited, Patricia Sutherland has
resigned as Executive Director
Jamaica’s Financial Services Commission (FSC), Executive director Rohan
Barnett, has resigned the position, the Ministry of Finance, Planning
and the Public Service announced this afternoon.
USA CT) Wells
Fargo & Co. said that Mackey McDonald, one of the last
remaining directors from Wachovia is retiring.
USA Technologies Inc Bradley M. Tirpak, a nominee
of Shareholder Advocates for Value Enhancement,has resigned
from its board subsequent to a settlement agreement with the investing
group, according to an SEC filing. Provides a network of wireless non-cash
transactions, associated financial/network services and energy management.
It provides networked credit card and other non-cash systems in the
vending, commercial laundry, hospitality and digital imaging industries.
Sterling Green Group has announced that Philip Kanas, a
non-executive director, has decided to resign
Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
Asset Management, non-executive director Gerhard Fusenig has
resigned from the board.
Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to
Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to
(UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver
will step down as CEO
Macfarlane Group Chairman Archie Hunter to step down after 8 years
BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the
group to pursue other opportunities.
Goldman Sachs (GSI) Christopher French resigns from board
Sachs (GSI) David Wildermuth resigns from board
Goldman Sachs (GSI) Matthew Westerman resigns from board
Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel
Goldman Sachs (GSI) Phil Beatty resigned as head of European power
and natural-gas trading
Nikko Asset Management Timothy McCarthy is retiring as chairman and
CEO at the end of the month
UBS Senior Asia Economist Jonathan Anderson Departs
DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
Société Générale Private Banking, Daniel Truchi is to step down as
head of Société Générale Private Banking
Ltd, Tim Wildash has cashed himself out as chief executive of
Australia’s largest ATM operator
(USA CA) CALSTRS,
Pascal Villiger, senior private equity portfolio manager at the
$145 billion California State Teachers’ Retirement System resigns
(USA) Astaire quits
Bank of America Merrill to dance to Barclays Capital’s tune
(USA NY) Schroders,
CIO Alan Brown is steps down
CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
(USA NH & RI) Bristol County Savings Bank president E. Dennis
Kelly retires after 35 years
Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse
B&CE CEO Brian Griffiths is to retire later this year
Trimark Ltd, portfolio manager Dana Love has resigned.
Bank of Israel Governor Stanley Fischer will hand in his shock
resignation in the coming days and take up a new position as head of the
Bank of Zambia. Finance Minister Yuval Steinitz is believed to be furious
with Fischer's decision. Treasury officials said he even canceled his
participation in the office's annual Purim party in order to convince
Fischer to reverse his decision.
Standard Bank Group Limited (SBK), board member Sir Paul Judge
Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah
Bank President Alag Batsukh submitted his resignation letter to
Speaker of Parliament D. Demberel at the end of last month. He described
his reason for resigning as a lack of support by Parliament.
Pacific Securities, General Manager Narantuguldur Saijrakh recently
resigned, to focus on his role as Director of Khan Investment Management,
investment advisor to the Khan Mongolia Equity Fund - the first open-ended
investment vehicle with monthly dealing that invests in Mongolia related
equities listed both domestically and internationally.
Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor
of the multi-billion dollar West Africa Francophone bank, Philippe-Henry
Dacoury-Tabley, resigned his post.
Lazard , co-head of investment banking Alexis de Rosnay quits. De
Rosnay specialises in the healthcare sector, he has advised Teva
Pharmaceutical and Novartis.
Deutsche Bank PWM, UK head of portfolio management Martyn Surguy
Deutsche Bank PWM, head of discretionary management, Kypros
Charalambous, having also stepped down.
(HONG KONG) Bank
of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia,
Bank of America Merrill Lynch, Jimmy Choi, who was in charge of
high-yield debt, resigned.
Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong
Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
Cerberus Capital Management LP, CEO Robert Nardelli resigns.
WESTPAC, Rob Chapman opted to quit running its regional subsidiary
St George Bank.
Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has
decided to quit.
Korea Development Bank, Shanghai unit senior manager Stella Wen
(HONG KONG) Deutsche
Bank, Johan Sudiman resigns as director.
John Lewis Partnership Pension Trust, head of investments Andrew
California’s Department of Financial Institutions, commissioner William
Haraf resigned. The DFI did not say why he is leaving.
Gulf Bank, Chairman Ali Rashaid Al Bader quits
(UK and IRELAND)
Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down
from his role at the end of April.
ICAP, CEO of the electronic broking business David Rutter step down
following a restructuring of the business.
SVG Capital, chairman Nicholas Ferguson resigns. His departure left
him well placed to succeed James Murdoch as chairman of BSkyB should the
latter bow to investor pressure and step down. Other investors in the
satellite broadcaster suggested Ferguson might be seen as too close to
Murdoch to win the support of institutional shareholders.
(SOUTH AFRICA) The
Development Bank of Southern Africa (DBSA), CEO Paul Baloyi
Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title,
Remains on as Adviser
CME Group Inc, CEO Craig Donohues will step down at year end.
Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped
(USA IL) CBOE
Holdings Inc. (CBOE), senior compliance executive Patrick Fay has
resigned. The options exchange being investigated by the Securities and
Exchange Commission, Fay had been placed on leave after the SEC began
investigating the options-market operator’s oversight of traders.
Investment Trust, chairman Mike Wooderson will step down
- 3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests." http://goo.gl/iaqQf
PHH Mortgage, Treasurer Mark Johnson.resigned
WESTPAC, head of corporate affairs after David Bell decided to step
down from the role. Bell is the latest top executive to leave the bank.
Capula’s Systemic Trading Head Qiang Dai to Leave Fund
National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from
the post in a few months.
Investments Ltd, CEO Gazi Kaplan has tendered his resignation,
effective April 2, citing heath reasons. Nestlé SA owns 58.8% of
& Co.'s, partner and head of the global bank team Robert Lacoursiere
has quit to form his own hedge fund
ASX Ltd, Chairman David Gonski will step down from his role at Australia’s
main stock market operator after being appointed to oversee almost A$90
billion ($95 billion) in the nation’s sovereign-wealth funds.
JP Morgan, Asset Management European chief Jamie Broderick is to
step down more than 20 years at the firm.
SVG Chairman Nicholas Ferguson retires.
SVG Director Edgar Koning retires.
Director Denis Raeburn retires.
SVG Director Francis Finlay retires.
Sachs, executive director and head of the firm’s United States equity
derivatives business in Europe, the Middle East and Africa, Greg Smith,
is resigning today.
ABSA chairman Garth Griffin to retire
It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don't know their reputations except for a few rather famous ones.
This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, and some invest in banks as well as owning entire industries (common in Hong Kong and Japan).