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

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

~~ Start ~~



(1) 9/01/11 (USA NY) Bank of New York Mellon Chief 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) Bank chief resigns 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) Resignations Suggest Shift for China’s Banks

(6) 11/01/12 (INDIA) More directors of the 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)

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

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

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

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

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

(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.

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

(15) 1/03/12 (USA VA) 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.

(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.

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

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

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

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

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

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

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

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

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

(27) 2/01/12 (UNITED KINGDOM) Truett Tate – Lloyds Bankging Group 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

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

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

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


(31) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(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.

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

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

(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.

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

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

(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

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

(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.

(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.

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

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

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

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

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

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

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

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

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

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

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

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

~~ End ~~


This blog is all about spiritual awakening, natural health, soul plan readings and existential musings.


  1. Zane says

    All the resignations of the various CEO’s and presidents of the different financial sectors/institutions is likely in relation to the huge corruption case that is being held against Bush, the FED’s, many European banks that has been presented by Lord James Blackheath – check out the following video:
    I’d suggest you also do your research on the Dragon Family Law Suit happy hunting all!

  2. CW says

    Reena, Its no conspiracy my dear.
    Most people want out of the banks that are highly regulated. I saw a group from Morgan Stanley left this week to start their own firm. Bankers are the most capitalistic breed on the planet. They don’t want to work at a place where their bonus is determined in part by the government. In addition, new regulation makes if very difficult for banks to continue with proprietary trading. So many people are leaving to start their own hedge funds and service those new organizations. Hope this helps.

    • says

      CW, your point is valid – yup many bankers are probably some of the most greedy folk on this planet – sure. And what with the bonuses being finally more regulated, yes, some bankers probably feel aggrieved at being given a million or two less. (Or make it many, many millions), So, who knows, the resignations could all just be a ‘normal’ level of attrition from banks. However, if this is indeed true where is the evidence to support what you say – ie that the Morgan Stanley group is true for all other banker resignations? There is opinion, and then there is fact. Your comment seems to present opinion as fact. For eg ‘Reena, Its no conspiracy my dear’ and ‘Hope this helps’. If you actually had some evidence to support what you say, now, that would help!

      Also, your comment refers to things from within the Matrix, ie does not consider that some of these leavers could be trying to run away from something. That is certainly a possibility.

      This blog is about spiritual facts. It goes without saying (though I say it all the same : ) ) that readers are free to share opinions, thoughts, reactions even, but let’s be clear whether what we are sharing is an opinion, or actually fact.

      Finally, I wonder who you feel needs help : – ) ? Perhaps you think I do lol. Nope, I don’t need help in the form of people’s opinions (too many of those on a daily basis already !!) but I do welcome whole-heartedly fellow self-enquirers, fellow spiritual ponderers, fellow sharers, fellow ranters and venters even. The point is, we are all equal and we are all equally worthy of respect.

      Nonetheless, thanks for your comment. Time will tell whether these resignations are dubious or not.

      • kit279 says

        Reena, What you were saying about opinions & facts has struck me giving me an ah ha moment and i wanted to thank you. this has nothing to do with the post. I have a special person who has given her ‘opinion’ on what is best for me. I know its not and am having trouble expressing such. but you saying that clicked with me & i dont feel so trapped, for lack of a better term. I asked for guidance & the universe has replied through you… once again. I feel a weight has been lifted confirming that all really is well. I know what to do. Thank you again.

      • kit279 says

        also thank you CW had you not posted Reena would not have responded in that way. Our opinions can weigh heavy on others who look up to us, becuase they want to please us or not let us down. if you only knew how this little post has given my life such clarity. okay im done thank you for listening.

        • says

          kit279, I am so glad to hear what you wrote! Ah ha moments are truly how Truth shows us Itself! When things shift, they shift in the blink of an eye, don’t they. I am very happy for you.

          Yes, ultimately, all really is well :)

          It’s just best not to get too caught up in our own opinions where we can’t see the wood for the trees.

          Have a great weekend kit279!

  3. Hank says

    Don’t want to spoil your fun because I hope this is something big. But i am afraid it is not. REason is that these people swap from one top function to another and therefore these numbers don’t mean that much to me.

    Or could you provide me some info that shows that the amount of resigns is really that much higher than it was the last few years. And how tells me that the person taking over their jobs is a better person?

    TY in advance.

    • says

      Hank, your questions are most valid. Due to time I am not able to research this topic in detail, however it is good to share questions and concerns. If this is as big a deal as hoped for, then there will be more such resignations going forward and time will tell. Thanks for your comment.

    • Jed says

      Go to the American Kabuki blog and look at the graph. She made a comparison with resignations over the last 4-5 years because she had this same question. There is a significant upswing starting about the 4th quarter of 2011.

  4. neiman says

    obama might work for bush but is m. zuckerberg’s toy….. if you’ve ever seen the movie toy with richard pryor that would explain. ‘m.zuckerberg’ his so called friend who is gay supposedly got him in office and that is why he (obama) continues to do so much for gay people. He’s done a lot for natives but not much has come of it other than a heap of gaynativez’/americanized-indianz’. I’ll be so happy when the gay show is over. I’ll be most definitely happy when people realize m.zuckerberg is a fake selling american information to foreigners and terrorists. They even had a fb mix up with the T.J. LAne guy. Go figure.

    But, yeah it’s funny india is men” i ran in to a man named Cherry Gill on fb and he jipped me out of 20 billion dollars for the cure for cancer. He got healed and deleted me from his friends list. his family is well known in the sport of cricket…….. Question: If anyone can help me what i should do about these scam letters i’ve gotten on behalf of these banksterz’ please help me to know?!?!?

    I can not do much about m.zuckerberg and his FaceSMASH success or should i say my stolen idea and his success. My idea was and will always be FACEBOOK. Facesmash is his idea. I don’t have the original letter forewarning of nine eleven that had a most detailed plan to counter terrorism and bring unity. So there’s not much i can do to get my idea back.

    But, as i asked before in this comment can someone let me know if i should pursue a lawsuit against any or all these people and corporations…. worldbank, ustreasury, imf, ifc, undp, suzanee jacobs or charles mcafee. Since it is pretty damn obvious they’ve been sending me these fraudulent emails conning me out of 800,000 us dollars here and there. If anyone can answer me feel free to fill me in. I just got a lawyer for the autoaccident i was in and figured to ask being that i’m already dealing with lawyers.

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