Thursday, March 22, 2012
Monday, March 12, 2012
A much nicer and WIDER wordpress site that already has all my 597 Blogspot Blogs from this site imported into it thanks to my beautiful and smart wife Angela.
Sunday, March 11, 2012
Published: 07 March, 2012, 20:47
Europe will need to pile up its toxic debt (AFP Photo / STR)
A relief package for all of Europe would mean vacuuming up all of its toxic debt into one big pile and letting businesses go their normal way. But this won’t be the choice for cautious politicians ahead of the elections across Europe.
Soon the ECB might have no choice but do what the US fed did and write a cheque for at least a trillion euro, or maybe 2trln euro to completely recapitalize the banking system in Europe. It would take out all of the toxic debt and then manage that as a separate pool of assets, Chris Weafer, the chief strategist at Troika Dialog, explained tohttp://www.blogger.com/img/blank.gif Business RT.
But until the Presidential elections in the US, and Angela Merkel is re-elected as German Chancellor, the authorities won’t be taking such painful and radical steps, Troika Dialog expert added.
Basically Europe will remain fighting fires and inject new money into infected economies, with a more permanent decision unlikely to come until 2013, Weafer suggests.
Since it’s difficult to imagine a worse scenario for Greece that it is currently following, the bigger issue now is what happens to the market for Credit Default Swaps (CDS), should Greece suffer a technical default, Weafer explained.
“If there’s a technical default, it completely undermines the whole CDS market, which is the basic risk insurance on the bond market globally,” which is a multi trillion dollar business, says Weafer.
Go to main page Business China to export yuan to BRICS
China to export yuan to BRICS
Published: 8 March, 2012, 17:11
Edited: 8 March, 2012, 17:11
The Chinese Development Bank wants to sign a memorandum of understanding with the country's partners from BRICS group of developing countries on increasing yuan-denominated loans, while partners increase loans in their national currencies, The Financial Times reports, citing people familiar with the talks.
The move aims to increase trade volumes between the five nations and diversify from using the US dollar.
Brazil and South Africa were quick to react to the proposal, saying they expect the lending pledge to be included into a master agreement to be signed in New Delhi on March 29.
“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord,” Brazil’s development bank BNDES said.
China, with 54 per cent of its foreign reserves in US dollars, has been trying to diversify from the currency it believes will weaken soon and for a protracted period.
China agreed to use national currencies with Russia, Belarus and Japan for bilateral trade. The country also decreased its foreign reserves in dollars recently in favor of the Australian and Canadian currencies.
In an attempt to either verify or refute what high ranking Pentagon officials reportedly told investigative reporter Benjamin Fulford about the arrest of Microsoft founder Bill Gates, Kerry Cassidy , of Project Camelot, contacted Microsoft's Public Relations department by email requesting confirmation of this story that is going viral across the World Wide Web, a medium of information sharing that Gates himself, whether this story is true or not, will have his name and company forever connected. The following is the very interesting response offered by Microsoft.
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.
This is time of the greatest switch over of fortunes from the bad guys to the good guys in mankind history.
Anger at News International over treatment of journalists
Tom Harper and Simon Freeman
06 March 2012
Two senior journalists at News International have apparently attempted to commit suicide as pressure mounts inside the Murdoch media empire.
The reporters appeared to try to take their own lives after the company turned over 300 million emails and internal papers to detectives investigating phone-hacking and alleged bribery of public officials.
The journalists, whom the Standard has decided not to name, were checked into hospital at the expense of News International on the orders of Rupert Murdoch.
Sources said other journalists inside the Wapping HQ look “terribly stressed and many are on the edge”. It is understood the company’s offer of psychiatric help is available to any journalist who feels under pressure.
The tragic developments happened after News Corp’s Management and Standards Commitee, a branch of the empire that reports directly to independent board directors in New York, passed evidence to Scotland Yard.
Eleven reporters and senior executives from The Sun have been arrested in recent weeks by police officers from Operation Elveden, which is investigating alleged illegal payments to police officers and civil servants.
The MSC’s co-operation with the police has triggered a civil war inside the Murdoch empire. Bosses at News International, its UK-newspaper subsidiary, are furious that the committee, headed by Lord Grabiner QC, has “sold journalists down the river”.
Last week, Deputy Assistant Commissioner Sue Akers, who is in charge of the investigations into News International, told the Leveson Inquiry she believed The Sun had established a “network of corrupted officials” inside the police, the armed forces and other key public organisations. No one from The Sun or the News International has yet been charged with an offence.
Another source said the company’s handling of the crisis had been “disastrous”. He added: “This all appears to be an attempt to save James Murdoch.” Murdoch Jnr, who was in charge of News International during the phone-hacking crisis and the alleged cover-up, resigned as executive chairman last week and moved to New York.
Today, former Scotland Yard commissioner Lord Condon told the Leveson Inquiry into the phone hacking crisis that he was “very disappointed” by events at the Met.
“I have been concerned by some of the issues that have emerged and had I still been involved in the Service I would probably be very angry,” he said.
He described the “history of police malpractice” as “cyclical” and called for Lord Justice Leveson, who is this week looking at relations between the Met and the media, to suggest “enduring” reforms to the relationship between the press and the police.
Lord Condon, who led the Met in the Nineties, said: “The history of police malpractice goes: scandal, inquiry, remedial action, relaxation, complacency, scandal, inquiry and that’s been on about a 20-year cycle.”
"from comments - They've been given a deadline of March 23 (or 31) to resign or they will be arrested. The corrupt know who they are. This is a worldwide effort to clean up the rats in banking, government and elsewhere. Access to funds has been blocked so they have no choice. Yes, there may be a short period of a downturn, but hopefully the new system will come into place right away. This is why people need to have emergency supplies on hand in case the system shuts down. It has to be."
254 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.
CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Investment Officer
COO = Chief Operating Officer
INC = Incorporated (can be private held or publically 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)
Click here to scroll to latest additions to list, then scroll up.
- 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
- 9/06/11 (BELGIUM) 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.
- 9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
- 9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
- 9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
- 9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
- 9/20/11 (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.
- 9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
- 9/25/11 (SWITZERLAND) UBS 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
- 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
- 9/29/11 (JAPAN) BLIFE Investment Corporation, Asset Manager Director Masaomi Yamadaira resigned.
- 9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimerresigned.
- 10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
- 10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
- 10/03/11 (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.
- 10/05/11 (UK) UBS co-chief François Gouws of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
- 10/05/11 (UK) UBS co-chief Yassine Bouhara of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
- 10/10/11 (BELGIUM) 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.
- 10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
- 10/14/11 (USA TX) Deutsche Bank Investment Advisor Griffin Perry resigns, SEC regulations prevented him from campaigning for his father Rick Perry's Presidential campaign.
- 10/23/11 (USA) 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.
- 10/24/11 (ICELAND) 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]
- 10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
- 10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
- 10/26/11 (INDIA) Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
- 10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
- 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
- 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
- 10/31/11 (BELGIUM) European Central Bank President Jean-Claude Trichet, resigns.
- 11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
- 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)
- 11/03/11 (POLAND) Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President of the Management Board of Nordea Bank Poland as of the 10th of November.
- 11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
- 11/11/11 (HONG KONG) Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
- 11/10/12 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
- 11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing,Alex Denner, has resigned.
- 11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
- 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
- 11/23/12 (USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns for personal reasons. Bank of the Carolinas was delisted from the NASDAQ on 3/9/12
- 11/28/11 (LATVIA) 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.
- 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
- 11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
- 11/30/11 (LITHUANIA) 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.
- 12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
- 12/03/11 (USA SC) South Carolina's $25 billion pension fund chief investor Robert Bordenresigned. 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.
- 12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
- 12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO Philip Butterfield retires
- 12/06/11 (USA ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
- 12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
- 12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the "Fund"), Portfolio ManagerPaul David Austin Clark resigned
- 12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
- 12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
- 12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
- 12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
- 12/19/11 (DENMARK) 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. Moller-Maersk Group.
- 12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
- 12/23/11 (USA VA) Virginia National Bank (VNB) Chairman Mark Giles quits
- 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Claire Gargalli quits
- 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Leslie Disharoon quits
- 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Neal Kassell quits
- 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
- 1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years
- 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
- 1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
- 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
- 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
- 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
- 1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIBannounced retirement of CEO Nofal Barbar from its London office.
- 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
- 1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
- 1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
- 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
- 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
- 1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
- 1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEODavid Conner retires.
- 1/19/12 (UK) 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.
- 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of directors.
- 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
- 1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits
- 1/20/12 (SOUTH AFRICA) 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. http://goo.gl/NmGJP
- 1/20/12 (USA) TIAA-CREF executive vice president and president of Asset Management,Scott C. Evans resigned
- 1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
- 1/21/12 (SINGAPORE) ANZ Asia's private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
- 1/21/12 (GREECE) Institute of International Finance negotiator Charles Dallara quits
- 1/21/12 (GREECE) Institute of International Finance negotiator Jean Lemierre quits
- 1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
- 1/22/12 (KENYA) National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii, will resign before year end.
- 1/24/12 (USA) Fortress Investment Group, CEO Daniel Mudd will resign, a month after he took a leave of absence from the company amidst charges over his role in understating Fannie Mae's exposure to subprime mortgages.http://goo.gl/tXQwP
- 1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
- 1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an "exciting position" outside banking
- 1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
- 1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
- 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
- 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
- 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
- 2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
- 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
- 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
- 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
- 2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
- 2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
- 2/03/12 (UK) UBS London trader, Kweku M. Adoboli, was arrested and charged with fraud and false accounting, forcing UBS to announce a $2.3 billion trading loss.
- 2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit
- 2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
- 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
- 2/07/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires
- 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
- 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
- 2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
- 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known)
- 2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
- 2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
- 2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
- 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
- 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
- 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
- 2/13/12 (UK) 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.
- 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
- 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
- 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
- 2/14/12 (USA NY) 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.
- 2/15/12 (WORLD) World Bank CEO Zoellick resigns
Did the White House tell the World Bank president that he's out?
- 2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
- 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
- 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
- 2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
- 2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
- 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
- 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
- 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
- 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
- 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
- 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
- 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
- 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
- 2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
- 2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
- 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
- 2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
- 2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
- 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
- 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
- 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
- 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
- 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
- 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
- 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
- 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
- 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
- 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
- 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.
- 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
- 2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
- 2/22/12 (UK) 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.
- 2/23/12 (UK) 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.
- 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
- 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
- 2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirbyresigns for business reasons.
- 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
- 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
- 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
- 2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
- 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
- 2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down
- 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
- 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
- 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
- 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down
- 2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
- 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!
- 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
- 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
- 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
- 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
- 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
- 2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits
- 2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.
- 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
- 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
- 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
- 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
- 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
- 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
- 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walshresigns
- 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
- 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
- 2/29/12 (GUYANA) 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.
- 3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
- 3/01/12 (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.
- 3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
- 3/01/12 (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
- 3/01/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
- 3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
- 3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
- 3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
- 3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
- 3/02/12 (UK) 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 resign
- 3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
- 3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
- 3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
- 3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferihttp://goo.gl/Y801M
- 3/03/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home ⑆44541444⑈
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- 3/04/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
- 3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
- 3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
- 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
- 3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
- 3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
- 3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
- 3/06/12 (FRANCE) Blackstone Group's Paris office leader Jean-Michel Steg will step down
- 3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
- 3/06/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive directorRohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
- 3/06/12 (USA PA) 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.
- 3/06/12 (UK) 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.
- 3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
- 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to resign
- 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
- 3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaverwill step down as CEO
- 3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
- 3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
- 3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
- 3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
- 3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
- 3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaouiresigns
- 3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
- 3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
- 3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
- 3/07/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
- 3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
- 3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
- 3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
- 3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
- 3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
- 3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
- 3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
- 3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
- 3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
- 3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
- 3/09/12 (MONGOLIA) Mongol 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.
- 3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakhrecently 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.
- 3/09/12 (SOUTH AFRICA) African Bank Investments Ltd, company secretaryYashmita Mistryhas resigned
- 3/09/12 (Côte d’Ivoire) 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.
- 3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
- 3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguyresigned.
- 3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
- 3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
- 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
- 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
- 3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
- 3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
- 3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
- 3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.