81 RESIGNATIONS FROM WORLD BANKS 2/27/12
BANK CEO AND EXECUTIVE RESIGNATION UPDATE 2/27/12 ................................. 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-resigns-in-a-sh ake-up/ (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-as-last-s cot-leaves-lloyds-board-lloyds-could-lack-scottish-voice.15150830?_=20e772c9 486b6372433ff2b886a31e9fca7eeb2a (3) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resigns-UBS-b oss-steps-Kweku-Adoboli-trading-scandal.html (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%2Fmmr%2Frefe rence%2Fpre_20111028%2Fsource%2Fpre_20111028.en.pdf (5) 10/29/11 (CHINA) Resignations Suggest Shift for China's Banks http://online.wsj.com/article/SB10001424052970203687504577003734190522426.ht ml (6) 11/01/12 (INDIA) More directors of the Beed district bank resign http://www.thenews.coop/article/more-directors-beed-district-bank-resign (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) UBSs Japan Investment Banking Chairman Matsui to Resign http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-banking-chai rman-yasuki-matsui-to-resign.html (9) 11/29/11 (Iran) Iran's Bank Melli CEO Resigns Over Loan Scam http://www.dailymotion.com/video/xlcznz_iran-s-bank-melli-ceo-resigns-over-l oan-scam_news (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-idUSL6E7NF23S201112 15 (11) 12/22/11 (FRANCE) Societe Generales Investment Banking Chief Steps Down http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-step s-down/ (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-vnb-other-d irectors (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-idUSL6E8C108 220120101 (15) 1/03/12 (USA VA) Suffolk Bancorp president and CEO steps down http://riverheadlocal.com/local-news/4114-suffolk-bancorp-president-and-ceo- steps-down (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-Board-at-Arbu thnot-Banking-Group.html (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-Board-at-Arbu thnot-Banking-Group.html (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-house-chi ef-executive-steps-down-M0vEWlpbSqKA3OCLZDCcGM/article.html (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-quits/ (21) 1/19/12 (SPAIN) Spanish bank Santander's Americas chief quits http://www.expatica.com/es/news/spanish-news/spanish-bank-santander-s-americ as-chief-quits_202395.html (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_Private_Bank _Steps_Down&id=43933 (23) 1/20/12 (JAPAN) Normura's head of wholesale banking quits http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-q uits.html (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-governor-a lan-bollard-to-step-down-in-september.html (25) 1/21/12 (Greece) Banks' top negotiator quits Greece, but talks go on http://www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-ta lks-go (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-as-deputy- CEO-steps-down-20120201 (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-quits/ (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-quits/ "Mr Tookey, who has been with the group since 2006, will leave at the end of February after preparing the banks accounts for 2011. He will not get a pay-off." http://www.heraldscotland.com/mobile/business/company-news/warning-as-last-s cot-leaves-lloyds-board-lloyds-could-lack-scottish-voice.15150830?_=20e772c9 486b6372433ff2b886a31e9fca7eeb2a (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-Cha.html (32) 2/7/12 (USA) Bank Of America's Mortgage Business Chief Resigns http://www.mortgageorb.com/e107_plugins/content/content.php?content.10881 (33) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank http://articles.economictimes.indiatimes.com/2012-02-07/news/31031134_1_kota k-mahindra-bank-falguni-nayar-shanti-ekambaram (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-164154294 .html (35) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal http://articles.businessinsider.com/2012-02-09/europe/31040509_1_anti-money- laundering-law-vatican-finances-italian-tv (36) 2/10/12 (KOREA) Korea Exchange Bank chief steps down http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005 100320.HTML (37) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resi gns/464259/ (38) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief- resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html (39) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-a mid-row.html (40) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank http://www.socialenterpriselive.com/section/news/people/20120214/social-fina nce-pioneer-hayday-steps-down-charity-bank (41) 2/14/12 (UKRAINE) The National Bank of Ukraine issued a short statement on Thursday announcing the resignation of deputy governor Volodymyr Krotiuk. http://webcache.googleusercontent.com/search?q=cache:63Yjqc2bApkJ:www.centra lbanking.com/central-banking/news/2145127/ukraine-deputy-governor-resigns%3F WT.rss_f%3DHome%26WT.rss_a%3DUkraine%2520deputy%2520governor%2520resigns+ukr aine+deputy+governor+resigns&hl=en&gl=us&strip=1 (42) 2/15/12 (WORLD) World Bank CEO Zoellick resigns http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/ 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_tell_the _world_bank_president_that_hes_out (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-banka-mari bor-ceo-plos-resigns.html (44) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign http://www.centralbanking.com/central-banking/news/2152753/parliamentary-com mittee-calls-kenyan-governor-resign (45) 2/16/12 (UNITED KINGDOM) The Financial Services Authoritys (FSAs) 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 http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saud iarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us (48) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill (49) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested http://www.telegraph.co.uk/finance/financial-crime/9086930/Senior-bankers-ca ught-up-in-film-investment-tax-probe.html (50) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to -lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981 (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 Banks executive steps down http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/nation al/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_med ium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2 F24hours-news+%28The+Nation+%3A+Latest+News%29 (54) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711 (55) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chi ef-asian-economist-tan-resigns.html (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-LEUMI-LE -ISRAEL-LTD-Mr-Zvi-Itskovitch-Announces-his-Decision-to-Redesign-From-Bank-L eumi-14031540/ (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.asp?privc apId=25695731 (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-northwest-direct or-quits-in-candy-austerity-push.html (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-benigno- velez-resigned-today/ (60) 2/21/12 (BANGLADESH) Five bank, insurance directors resign http://www.thefinancialexpress-bd.com/more.php?news_id=120917&date=2012-02-2 1 (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-mutuals-efsf-b ond-program-compliance.html (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-merrill-lynch -hires-investment-banker-gush (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-icici-ban k-gc-pramod-rao-resigns-may-start-up-law-firm (66) 2/24/12 (HONG KONG) Citigroup Private Banks 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-s-co-head -of-global-real-estate-resigns.html (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-americas-chief -steps-down/ (71) 2/27/12 (BAHRAIN) Ebrahim Ebrahim quits as CEO of Khaleeji Commercial Bank http://www.cpifinancial.net/news/post/12845/ebrahim-ebrahim-quits-as-ceo-of- khaleeji-commercial-bank (72) 2/27/12 (FRANCE) Societe Generales Investment Banking Chief Steps Down http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-step s-down/ (73) 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns http://twentyfoursevennews.com/banking-finance/elaf-bank-ceo-dr-el-jaroudi-r esigns/ (74) 2/27/12 (JAPAN) Nomuras Head Of Wholesale Banking Quits http://atomiclotusbox.wordpress.com/2012/02/27/nomuras-head-of-wholesale-ban king-quits/ (75) 2/27/12 (INDIA) Falguni Nayar Quits Kotak Mahindra Bank http://atomiclotusbox.wordpress.com/2012/02/27/falguni-nayar-quits-kotak-mah indra-bank/ (76) 2/27/12 (GERMANY) Equiduct chairman steps down http://www.efinancialnews.com/story/2012-02-27/equiduct-chairman-steps-down? mod=sectionheadlines-home-TT (77) 2/27/12 (BAHRAIN) Al Zain steps down as Mumtalakat Holding CEO The board of directors of Bahrain Mumtalakat Holding Company (Mumtalakat),Bahrains 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-mumtalakat -holding-ceo/ (78) 2/27/12 (IRAN) Irans Bank Melli CEO Resigns Over Loan Scam http://atomiclotusbox.wordpress.com/2012/02/27/irans-bank-melli-ceo-resigns- over-loan-scam/ (79) 2/27/12 (INDIA/KASHMIR) AJK Banks Executive Steps Down http://www.monitorkashmir.com/content/ajk-bank-s-executive-steps-down?destin ation=node%3Ftimeframe%3Dall%26filter%3Dall (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 banks 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-lloyds/ (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=120161&sid=35 559525&con_type=1&d_str=20120228&fc=1 Thé Mulindwas Communication Group "With Yoweri Museveni and Dr. Kiiza Besigye Uganda is in anarchy" Kuungana Mulindwa Mawasiliano Kikundi "Pamoja na Yoweri Museveni na Dk. Kiiza Besigye Uganda ni katika machafuko"
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