Banking Chief Resignations Now Up To 102 World Wide

More banking chiefs resign…these folks are dropping off like lemmings.  It looks like the official number so far is 102…See the updated report below:


UPDATED 3/01/12
Removed duplicate entry for Nomura, added 2 more resignations. Updated links to Sri Lanka and Ukraine to better web sites (thanks to Rockingjude for links). Changed text URLs to be active URLs.

UPDATED 2/29/12

Note: I have extensively edited this list, re-verified links, shortened URLs to make this list more readable. Its grown very rapidly over the past week and was getting unwieldy in its prior form.  In some cases certain middle eastern bankers and European private bankers have managed to have their names removed from smaller blogs and news sites so I have updated those cases to larger news organizations less likely to bow to pressure. At the time of this posting all URLs listed work, I do not guarantee they always will.  I have also added missing names (in bold) and those URLSs where more than one person was resigning I expanded the item to have one line each, since everyone who copies this to their blogs (wow did this spread far and wide!) views each instance as one banker resigning I thought I’d make this listing more reflect that viewpoint.  I do not know under what circumstances these individuals have left their positions, I make no judgement on that. I just find the timing of so many resignations extremely curious and a bit of temporal marker in history of very 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.  I don’t mind if you re-blog this listing, information wants to fly free, just do me a favor of including and this header when you do so.  Save yourself the wear and tear on your karma. Thanks Kauilapele for the heads up on the broken links.


  1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-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.
  3. 9/25/11 (SWITZERLAND) UBS  CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
  4. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
  5. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
  6. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
  7. 11/01/12 (INDIA) More directors of the Beed district bank resign
  8. 11/02/12 (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)
  9. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
  10. 12/15/11 (UK) Senior private banker James Fleming resigns from Coutts [private bank]
  11. 12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits VNB
  12. 12/23/11 (USA VA) Bank feud: Board Member Claire Gargalli quits VNB
  13. 12/23/11 (USA VA) Bank feud: Board Member Leslie Disharoon quits VNB
  14. 12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits VNB
  15. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
  16. 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Galia Maor steps down after 16 years
  17. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
  18. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
  19. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
  20. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
  21. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
  22. 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief Francisco Luzon quits
  23. 1/30/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
  24. 1/20/12 (JAPAN) Normura’s head of wholesale banking Jasjit Bhattai quits
  25. 1/21/12 (Greece)  Institute of International Finance negotiator Charles Dallara quits
  26. 1/21/12 (Greece)  Institute of International Finance negotiator Jean Lemierre quits
  27. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
  28. 2/01/12 (SOUTH AFRICA) ABSA [Barclay’s Bank] deputy CEO Louis von Zeuner resigns
  29. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
  30. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
  31. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
  32. 2/05/12 (USA – NY) Morgan’s investment banking chairman Joseph Perella quit
  33. 2/05/12 (USA – NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
  34. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
  35. 2/7/12 (USA) Bank Of America’s Mortgage Business Chief Barbara Desoer Retires
  36. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
  37. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
  38. 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known)
  39. 2/9/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
  40. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
  41. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
  42. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
  43. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
  44. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
  45. 2/15/12 (WORLD) World Bank CEO Zoellick resigns
    Did the White House tell the World Bank president that he’s out?
  46. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
  47. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
  48. 2/15/12 (KENYA) Govenor of Kenyan Central Bank Njuguna Ndung’u
  49. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
  50. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
  51. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
  52. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
  53. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
  54. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
  55. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
  56. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
  57. 2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as by summer
  58. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
  59. 2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive Zulfiqar Abbasi resigns
  60. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
  61. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
  62. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
  63. 2/20/12 (USA)R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
  64. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
  65. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
  66. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
    conflict of interest with director seat on unknown bank
  67. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
    conflict of interest with director seat on unknown bank
  68. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
    conflict of interest with director seat on unknown bank
  69. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
    conflict of interest with director seat on unknown bank
  70. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
    conflict of interest with director seat on Eastland Insurance Company Limited
  71. 2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
  72. 2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
  73. 2/23/12 (SOUTH AFRICA)Richard Gush resigns from Standard Bank
  74. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
  75. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
  76. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
  77. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
  78. 2/24/12 (USA) Evercore Partners Head Eduardo Mestre steps down
  79. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
  80. 2/27/12 (GERMANY) Deutsche Bank Americas chief  Seth Waugh steps down
  81. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
  82. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
  83. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
  84. 2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni Nayar Quits
  85. 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down
  86. 2/27/12 (BAHRAIN) – Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
  87. 2/27/12 (IRAN) Bank Melli CEO MahmoudReza Khaavari Resigns – Flees to Canada!
  88. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
  89. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
  90. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
  91. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
  92. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
  93. 2/28/12 (HONG KONG) Bank of America’s Asia-Pac. mrkts Brian Canniffe quits
  94. 2/28/12 (BELGIUM) KBC’s CEO Jan Vanhevel is to retire after a career spanning 41 years.
  95. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
  96. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
  97. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
  98. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
  99. 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
  100. 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
  101. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
  102. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down 

Source: American Kabuki

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