Saturday, March 31, 2012
Friday, March 30, 2012
Brandon Turbeville on Occupy America Social Network March 28, 2012
'Total Information Awareness' Reborn Under New Counterterrorism Guidelines
Brandon Turbeville
March 28, 2012
Activist Post
For those who are easily confused by legalese, these new “tracks” essentially open up the ability of the NCTC to acquire and centralize all information gathered by itself and other agencies in its entirety. Basically, the new guidelines allow for creation of a massive centralized database of information compiled on average, law-abiding Americans.
Combined with the increased militarization of law enforcement, the growing technological surveillance grid, and the shadow legal system being created with such an array of freedom-crushing legislation and executive orders, a “minor” policy change such as the one mentioned in this article should be understood in a much wider context. If the American people do not soon recognize what is happening right in front of their faces, then it is clear that we will soon find ourselves in an Orwellian nightmare from which we are incapable of awaking.
You can find a recent interview with Brandon Turbeville discussing these issues HERE.
Read other articles by Brandon Turbeville here.
You can support this article on Reddit: http://www.reddit.com/r/conspiracy/comments/ridrk/total_information_awareness_reborn_under_new/
Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com.
March 28, 2012
Activist Post
Only a day before Barack Obama signed the recent National Defense Resources Preparedness Executive Order giving himself and his Secretaries complete control over every material needed for human survival, Attorney General Eric Holder also signed new guidelines for the National Counterterrorism Center which will officially allow the NCTC to increase the amount of information gleaned from American citizens and the amount of time this information can be legally held.
The new guidelines lengthen the amount of time the NCTC can retain the private information of Americans who are not suspected of having any ties to terrorism from 180 days to five years.
Not only that, but the new guidelines have developed new “tracks” by which the NCTC can acquire information which is gathered by another agency. The tracks are thus: by conducting the search itself, by asking the other agency to conduct the search, or by “replicating the database and analyzing the information itself.”
In terms of commercial data such as credit cards and other forms of purchases, the guidelines are silent, leaving a gaping hole of broad interpretation that will no doubt be used in order to encompass every other possible piece of data available. That is, information that is not already being provided to the NCTC by private corporations who have obtained it via consumer records.
For those who are easily confused by legalese, these new “tracks” essentially open up the ability of the NCTC to acquire and centralize all information gathered by itself and other agencies in its entirety. Basically, the new guidelines allow for creation of a massive centralized database of information compiled on average, law-abiding Americans.
In essence, we are seeing the legal reaffirmation of the Total Information Awareness program in legal terms.
Total Information Awareness was initially announced to the American people by the Bush Administration as a way in which the U.S. government could identify hidden terrorist cells. The program involved casting an all-encompassing net in order to gather up all available information about every American citizen from phone calls and emails to shopping and eating habits. However, after much outcry and protest from both privacy organizations and concerned citizens, Congress moved to partially shut down the program in 2003.
Even though officials admit that the program was only partially shut down, the truth is that we would be foolish to believe that the program went anywhere other than underground. In a time where the CIA Director openly admits plans to spy on Americans through their home appliances, are we really to believe that the simple outrage of privacy groups and a few expressions of dissatisfaction by Congress would derail a plan such as Total Information Awareness?
Congressional opposition has little effect on decisions made within the halls of the shadow government. This much was demonstrated by the refusal of Secretary of Defense Leon Panetta when he refused to acknowledge the authority of Congress to grant approval for, or be informed of military action.
Congressional opposition has little effect on decisions made within the halls of the shadow government. This much was demonstrated by the refusal of Secretary of Defense Leon Panetta when he refused to acknowledge the authority of Congress to grant approval for, or be informed of military action.
As Madison Ruppert of End The Lie writes, “Seeing as the Department of Homeland Security (DHS) seems to have absolutely no problem blatantly deceiving Congress, I see no reason to believe that the government would be upfront with the American people about anything these days. After all, they won’t even tell us why they have decided that it is legal to kill us.”
Indeed, it would be safe to say that the Total Information Awareness program was never ended -- not even partially. It would also be safe to say that the program did not begin with the Bush administration announcement. Systems such as this are universally light years ahead of the incarnations introduced to the general public for general consumption and, when implemented in the open, have in reality been active for many years prior.
Nevertheless, the announced aspects of the new guidelines are bad enough in their own right. Keep in mind, it is now official government policy to compile massive amounts of all-encompassing data about American citizens that have done absolutely nothing wrong. In fact, these Americans are not even suspected of doing anything wrong or even of having ties to someone who has.
Information to be gathered from individuals who are considered “potential terrorists,” “belligerents,” and “persons of interest,” however, is essentially unlimited. This goes back to numerous Executive Orders and legislation such as the Intelligence Reform and Terrorism Prevention Act, The Patriot Act, and the Anti-terrorism and Effective Death Penalty Act of 1996.
But the definitions of what labels one a “potential terrorist,” “belligerent,” or “person of interest” are so vast that they virtually negate the designation to begin with. One need only refer to the Patriot Act of 2001 to see that the definition of a “domestic terrorist” broadly includes individuals who engage in “acts dangerous to human life that are a violation of the criminal laws of the United States or of any State.” Under this definition, one could throw such behaviors as drunk driving into the category of terrorism.
Not only that, but consider the reports issued from the Department of Homeland Security such as the MIAC document where individuals who support third party political candidates, oppose the North American Union, New World Order, and abortion, as well as many other activists are categorized as potential violent terrorists. Similar reports coming out of offices such as the Joint Terrorism Task Force during the Clinton administration reflect the same sentiment when it categorizes individuals who support animal rights or believe in the apocalypse and the End Times.
More recently, however, the DHS “See Something, Say Something” program has propagandized that ordinary innocuous activities like wearing hoodies, driving vans, using a video camera, and even writing on paper are indicators of potential terrorism.
The Federal Government, via the Bureau of Justice Assistance has even begun distributing flyers to businesses all around the country with tips to help spot “potential domestic terrorists” including activities such as those listed above. You can view some of these flyers by going to the Public Intelligence website.
The Federal Government, via the Bureau of Justice Assistance has even begun distributing flyers to businesses all around the country with tips to help spot “potential domestic terrorists” including activities such as those listed above. You can view some of these flyers by going to the Public Intelligence website.
With all of this in mind, those who argue that the construction of such a massive monitoring and surveillance network only applies to terrorists and not innocent American citizens might develop a much different point of view if they were able to come to grips with the fact that the term “terrorism” itself has become so broad that it does, in fact, encompass innocent American citizens including themselves. Obviously, there is a bigger agenda at work here.
The policy changes signed by Eric Holder are not simply some mundane bureaucratic initiative. But, while we should not be so naïve as to think that the Total Information Awareness program was actually scrapped after opposition from Congress, we should also not lose sight of the fact that the program is once again being rolled out in the open. This time, there seems to no opposition whatsoever.
Combined with the increased militarization of law enforcement, the growing technological surveillance grid, and the shadow legal system being created with such an array of freedom-crushing legislation and executive orders, a “minor” policy change such as the one mentioned in this article should be understood in a much wider context. If the American people do not soon recognize what is happening right in front of their faces, then it is clear that we will soon find ourselves in an Orwellian nightmare from which we are incapable of awaking.
You can find a recent interview with Brandon Turbeville discussing these issues HERE.
Read other articles by Brandon Turbeville here.
You can support this article on Reddit: http://www.reddit.com/r/conspiracy/comments/ridrk/total_information_awareness_reborn_under_new/
Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com.
Tuesday, March 27, 2012
Brandon Turbeville on the Progressive Commentary Hour with Gary Null
Click here to access the podcast of Brandon Turbeville's appearance on the Progressive Commentary Hour with Gary Null.
Click here to access the archives or here to access the homepage of the Progressive Commentary Hour.
http://progressivecommentaryhour.podbean.com/2012/03/26/progressive-commentary-hour/
http://progressivecommentaryhour.podbean.com/feed/
Click here to access the archives or here to access the homepage of the Progressive Commentary Hour.
http://progressivecommentaryhour.podbean.com/2012/03/26/progressive-commentary-hour/
http://progressivecommentaryhour.podbean.com/feed/
Monday, March 26, 2012
Brandon Turbeville on End The Lie Radio
Click here to access the podcast of Brandon Turbeville's appearance on End The Lie Radio with Madison Ruppert on March 26, 2012.
The home page of End The Lie Radio is located here. http://www.oriontalkradio.com/Default.aspx?PID=21
The podcast is located here. http://www.oriontalkradio.com/streams/32k/2012/03/26/Orion%20Talk%20Radio%202012%2003%2026%2000%2005%2056.mp3
The home page of End The Lie Radio is located here. http://www.oriontalkradio.com/Default.aspx?PID=21
The podcast is located here. http://www.oriontalkradio.com/streams/32k/2012/03/26/Orion%20Talk%20Radio%202012%2003%2026%2000%2005%2056.mp3
Wave of Banking Resignations Likely Foreshadows Financial Collapse
Brandon Turbeville
Activist Post
March 24, 2012
On March 20, 2012, I wrote an article entitled “Worldwide Banking Resignations Triple According To Revised Numbers: Why Now?” which listed the latest banking, CEO, and financial institution resignations as compiled by independent blog, American Kabuki. At the time of the writing of that article, the list of resignations had reached a total of 358.
This was in fact the third article I had written on the subject; the second being a discussion on the statistics provided by American Kabuki regarding the average number of resignations in years past compared to those currently being announced which, if the information is correct, skyrocketed in late 2011.
In all three of the articles in which I addressed this topic, I ended the piece by asking the obvious question -- “Why?”
Why are so many bankers, board members, and CEOs suddenly resigning from their posts? More specifically, why are they resigning now?
Unfortunately, as of this writing, these questions remain unanswered. In fact, there is not even a hint as to why this mass exodus is occurring. Nevertheless, let us briefly consider a few possibilities.
Initially, one might suspect that these individuals, acting on some sort of insider information (which they are obviously doing), are exiting the ranks of institutions that will soon be the focus of a massive investigation by relevant authorities. One might logically suspect that the rats are jumping ship to save their own skins which will be all the more in danger if they remain in their positions when the investigation begins.
However, although this may be one of the first reasons for such resignations that come to mind, upon further examination, one finds some major holes in this theory.
For instance, if one has been part of a major crime (as the vast majority of these institutions have been), it is not likely that the mere prospect of being retired or employed by another institution would prevent prosecution once that crime has come to light.
In fact, one might be better served by remaining on board so as to be in an even better position by which to cover up evidence and confound the investigators. That is, if one did not think the effort completely hopeless. Keep in mind, many individuals who were in a position to provide or deny evidence regarding the record put options on American Airlines, United Airlines, and Morgan Stanley Dean Witter shortly before 9/11, would not have been able to remain stone silent if they had not remained in their position so that they could be deputized during the investigation.
Of course, if one did find a cover-up to be impossible, it is also likely that one would resign in “protest,” being “appalled” at the corruption witnessed inside the institution. Yet, with that in mind, it should be noted that there have been very few “protest” resignations announced in the latest wave of departures.
It is almost universally recognized that large banking institutions are rife with corruption, fraud, and predatory practices. The 2008 housing crisis is case in point. Here, large institutions were intentionally giving loans that were nothing more than ticking time bombs to recipients whom they knew would never be able to repay them. Indeed, it was found that the majority of these loans were completely fraudulent from the start with the borrowers being fooled into accepting them. Not only that, but the 2008 housing crisis was merely a smokescreen cover for the larger crisis of derivatives looming above them – another banker-engineered scam that is threatening to bring down the world economy at some point in the near future. (See Webster G. Tarpley’s excellent book, Surviving The Cataclysm to understand the full extent to which derivatives threaten the world economy.)
But it was the agencies such as the SEC, who are tasked with policing such behavior, that allowed much of this criminality to continue over and over for decades. Punishments have been minute where they have been meted out at all, and the transfer of wealth from the average American to the coffers of the large international banks has been facilitated by no other institution more so than the Federal government.
The Federal Reserve, itself a cartel of private international banks, stood to gain nothing by acting in the interests of the American people, and they have acted in obvious knowledge and accordance with this fact.
Therefore, with such massive levels of corruption in every regulatory agency tasked with policing private banks, it seems there is little concern that a real, large-scale, investigation with real, large-scale repercussions for the criminals being investigated will actually occur. Obviously, if there is no looming investigation, then our first supposition regarding the resignations begins to lose its steam.
That is, of course, unless the information provided by individuals like David Wilcock and Benjamin Fulford turns out to be true. Likewise for the lawsuits filed by Neil Keenan and Joseph Riad.
However, having mentioned the looming derivatives bubble, there is also the suggestion that many of those resigning are simply bailing out before the rocket ship they rode to riches crashes back down to earth, taking all of the little people with it.
Whether it is what now seems to be the foregone conclusion of WW3 in the Middle East, derivatives, IMF shock therapy, simple default, subversion, societal unrest, or even natural disasters, one thing is almost for certain – the house of cards known as the “economy” is going to fall.
There is little doubt that many of the individuals now cashing in their chips would be in a position to know when that collapse is coming, and others may see it coming simply by watching the signs of the times. Whether it’s the attitude of “Get out while you can,” or “Our work here is done,” there seems to be a growing trend of aristocrats rushing for the exits while the rest of us stand around in amazement wondering just what is going on.
But there is also the possibility that the resignation stampede is not a stampede at all, but something much more orderly. While an economic collapse seems imminent, perhaps the banking lords are neither abandoning ship nor rearranging the deck chairs on their sinking vessel -- perhaps they are simply rearranging the corporate structure.
Perhaps many of those who have recently announced their resignation are not pulling out of the game entirely, but merely warming the bench for a return when the next play is called for them. Simply put, what if those who are now resigning are only waiting to take up new positions in some other institution?
Going one step further, however; what if, in addition to an economic collapse, there is also a coming merger that will make some of their current positions obsolete? Remember, we have been hearing calls for world government structures and mechanisms of “global governance” for some time.
Much like the snowballing number of resignations in recent months, we have also been hearing a flurry of calls for a world banking system that will control not just world finance but the monetary and fiscal policies of every nation on the planet.
Of course, I am not claiming that any of these ruminations are definite answers to why so many resignations have occurred in such a short period. I am merely presenting some of the more heavily pondered suggestions with reasons for why they might be true (or not).
The truth is, as I stated earlier, that we simply do not know the reason why. At this point, we can only speculate that something significant is taking shape. Yet the fact is also that, whatever the cause, those resigning their positions do know the reasons why, even if they only know their own personal reasons. This information would likely be very helpful to those of us who are not part of the elite global cabal.
Please feel free to leave your suggestions in the comments section below as to why you think so many resignations have recently been announced.
Read other articles by Brandon Turbeville here.
You can support this article by voting on Reddit: http://www.reddit.com/r/conspiracy/comments/rbbsh/wave_of_banking_resignations_likely_foreshadows/
Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com.
Activist Post
March 24, 2012
On March 20, 2012, I wrote an article entitled “Worldwide Banking Resignations Triple According To Revised Numbers: Why Now?” which listed the latest banking, CEO, and financial institution resignations as compiled by independent blog, American Kabuki. At the time of the writing of that article, the list of resignations had reached a total of 358.
This was in fact the third article I had written on the subject; the second being a discussion on the statistics provided by American Kabuki regarding the average number of resignations in years past compared to those currently being announced which, if the information is correct, skyrocketed in late 2011.
In all three of the articles in which I addressed this topic, I ended the piece by asking the obvious question -- “Why?”
Why are so many bankers, board members, and CEOs suddenly resigning from their posts? More specifically, why are they resigning now?
Unfortunately, as of this writing, these questions remain unanswered. In fact, there is not even a hint as to why this mass exodus is occurring. Nevertheless, let us briefly consider a few possibilities.
Initially, one might suspect that these individuals, acting on some sort of insider information (which they are obviously doing), are exiting the ranks of institutions that will soon be the focus of a massive investigation by relevant authorities. One might logically suspect that the rats are jumping ship to save their own skins which will be all the more in danger if they remain in their positions when the investigation begins.
However, although this may be one of the first reasons for such resignations that come to mind, upon further examination, one finds some major holes in this theory.
For instance, if one has been part of a major crime (as the vast majority of these institutions have been), it is not likely that the mere prospect of being retired or employed by another institution would prevent prosecution once that crime has come to light.
In fact, one might be better served by remaining on board so as to be in an even better position by which to cover up evidence and confound the investigators. That is, if one did not think the effort completely hopeless. Keep in mind, many individuals who were in a position to provide or deny evidence regarding the record put options on American Airlines, United Airlines, and Morgan Stanley Dean Witter shortly before 9/11, would not have been able to remain stone silent if they had not remained in their position so that they could be deputized during the investigation.
Of course, if one did find a cover-up to be impossible, it is also likely that one would resign in “protest,” being “appalled” at the corruption witnessed inside the institution. Yet, with that in mind, it should be noted that there have been very few “protest” resignations announced in the latest wave of departures.
It is almost universally recognized that large banking institutions are rife with corruption, fraud, and predatory practices. The 2008 housing crisis is case in point. Here, large institutions were intentionally giving loans that were nothing more than ticking time bombs to recipients whom they knew would never be able to repay them. Indeed, it was found that the majority of these loans were completely fraudulent from the start with the borrowers being fooled into accepting them. Not only that, but the 2008 housing crisis was merely a smokescreen cover for the larger crisis of derivatives looming above them – another banker-engineered scam that is threatening to bring down the world economy at some point in the near future. (See Webster G. Tarpley’s excellent book, Surviving The Cataclysm to understand the full extent to which derivatives threaten the world economy.)
But it was the agencies such as the SEC, who are tasked with policing such behavior, that allowed much of this criminality to continue over and over for decades. Punishments have been minute where they have been meted out at all, and the transfer of wealth from the average American to the coffers of the large international banks has been facilitated by no other institution more so than the Federal government.
The Federal Reserve, itself a cartel of private international banks, stood to gain nothing by acting in the interests of the American people, and they have acted in obvious knowledge and accordance with this fact.
Therefore, with such massive levels of corruption in every regulatory agency tasked with policing private banks, it seems there is little concern that a real, large-scale, investigation with real, large-scale repercussions for the criminals being investigated will actually occur. Obviously, if there is no looming investigation, then our first supposition regarding the resignations begins to lose its steam.
That is, of course, unless the information provided by individuals like David Wilcock and Benjamin Fulford turns out to be true. Likewise for the lawsuits filed by Neil Keenan and Joseph Riad.
However, having mentioned the looming derivatives bubble, there is also the suggestion that many of those resigning are simply bailing out before the rocket ship they rode to riches crashes back down to earth, taking all of the little people with it.
Whether it is what now seems to be the foregone conclusion of WW3 in the Middle East, derivatives, IMF shock therapy, simple default, subversion, societal unrest, or even natural disasters, one thing is almost for certain – the house of cards known as the “economy” is going to fall.
There is little doubt that many of the individuals now cashing in their chips would be in a position to know when that collapse is coming, and others may see it coming simply by watching the signs of the times. Whether it’s the attitude of “Get out while you can,” or “Our work here is done,” there seems to be a growing trend of aristocrats rushing for the exits while the rest of us stand around in amazement wondering just what is going on.
But there is also the possibility that the resignation stampede is not a stampede at all, but something much more orderly. While an economic collapse seems imminent, perhaps the banking lords are neither abandoning ship nor rearranging the deck chairs on their sinking vessel -- perhaps they are simply rearranging the corporate structure.
Perhaps many of those who have recently announced their resignation are not pulling out of the game entirely, but merely warming the bench for a return when the next play is called for them. Simply put, what if those who are now resigning are only waiting to take up new positions in some other institution?
Going one step further, however; what if, in addition to an economic collapse, there is also a coming merger that will make some of their current positions obsolete? Remember, we have been hearing calls for world government structures and mechanisms of “global governance” for some time.
Much like the snowballing number of resignations in recent months, we have also been hearing a flurry of calls for a world banking system that will control not just world finance but the monetary and fiscal policies of every nation on the planet.
Of course, I am not claiming that any of these ruminations are definite answers to why so many resignations have occurred in such a short period. I am merely presenting some of the more heavily pondered suggestions with reasons for why they might be true (or not).
The truth is, as I stated earlier, that we simply do not know the reason why. At this point, we can only speculate that something significant is taking shape. Yet the fact is also that, whatever the cause, those resigning their positions do know the reasons why, even if they only know their own personal reasons. This information would likely be very helpful to those of us who are not part of the elite global cabal.
Please feel free to leave your suggestions in the comments section below as to why you think so many resignations have recently been announced.
Read other articles by Brandon Turbeville here.
You can support this article by voting on Reddit: http://www.reddit.com/r/conspiracy/comments/rbbsh/wave_of_banking_resignations_likely_foreshadows/
Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com.
Friday, March 23, 2012
Brandon Turbeville on the Progressive Commentary Hour with Gary Null
On March 26, 2012 Brandon Turbeville will be appearing on the Progressive Commentary Hour with Gary Null at 7pm EST. The show is broadcast on the Progressive Radio Network.
Click here to access the show page or go to PRNs home page and click the Listen Live tab.
Click here to access the show page or go to PRNs home page and click the Listen Live tab.
Thursday, March 22, 2012
Brandon Turbeville on End The Lie Radio
Brandon Turbeville will be appearing on End The Lie Radio With Madison Ruppert on March 25, 2012 from 11pm to 1am EST. Click here to access the show page.
Wednesday, March 21, 2012
Brandon Turbeville on Informativo Pacifica
Click here to access the direct podcast link to Brandon Turbeville's very brief appearance on Informativo Pacifica on March 21, 2012. Click here to access the archives of the show and locate the March 21, 2012 broadcast.
http://archive.kpfk.org/mp3/kpfk_120320_210000infopac.mp3
http://archive.kpfk.org/parchive/xml/infopac.xml
http://archive.kpfk.org/mp3/kpfk_120320_210000infopac.mp3
http://archive.kpfk.org/parchive/xml/infopac.xml
Worldwide Banking Resignations Triple According to Revised Numbers: Why Now?
Brandon Turbeville
Activist Post
March 20, 2012
However, chart or no chart, the recently revised number regarding resignations from financial firms, banks, etc. seems to put many of the questions to rest.
Read other articles by Brandon Turbeville here.
You can support this article by voting on Reddit: http://www.reddit.com/r/conspiracy/comments/r5xkr/worldwide_banking_resignations_triple_according/
Activist Post
March 20, 2012
On March 6, 2012, I wrote an article entitled “Mass Banking Resignations Signal A Purging Has Begun?” where I included a list of banking directors, CEOs, and board members of both national and international financial institutions standing who have resigned from their post since September 2011. The data was collected and compiled by independent blog American Kabuki and posted online complete with a description of the individual, location, and link to the resignation announcement where it was covered in the mainstream media.
At the time my article was posted, the list had already topped 122. This prompted many, including myself, to question whether or not 122 was actually such a large number, given that there are many national and international institutions across the globe, as well as the fact that these resignations took place within a span of a period of about five months.
Certainly, the number seemed enormous.
At the time my article was posted, the list had already topped 122. This prompted many, including myself, to question whether or not 122 was actually such a large number, given that there are many national and international institutions across the globe, as well as the fact that these resignations took place within a span of a period of about five months.
Certainly, the number seemed enormous.
Apparently American Kabuki had the same questions. Only a few weeks after the initial posting, the blogger posted a chart that included the number of resignations filed with the SEC, as required by the Securities Exchange Act of 1934, going back to 2008 and in to the fourth quarter of 2011. Tracing the resignations back to 2008 would, obviously, provide something close to a representative sample of the normal rate of resignation over a period of three years.
What these statistics revealed was a staggering increase in the number of resignations announced around the second and third quarters of 2011.
What these statistics revealed was a staggering increase in the number of resignations announced around the second and third quarters of 2011.
I included this chart, along with some commentary, in my article “Why Are Bankers Jumping Ship In Record Numbers, Financial Collapse Imminent?” Please see this article in order to understand the specifics of the statistics presented by American Kabuki’s research. Or, view American Kabuki’s own presentation here.
However, chart or no chart, the recently revised number regarding resignations from financial firms, banks, etc. seems to put many of the questions to rest.
Indeed, a recent post by American Kabuki now shows that the number of resignations stand at 358, almost triple the number originally posted.
The revised list of resignations will be included at the end of this article along with the links to the announcements.
With all of this in mind, and, if the research provided by American Kabuki is correct, then the only question really left for us to ask is “Why?”
Why are so many bankers, CEOs, fund managers, and investors resigning all at once? Why now?
One might be tempted to ask whether or not there is a coming investigation that these individuals are trying to avoid but, given the track record of the regulatory system, this is not our most likely option. Considering the current state of the economy, it might seem more logical to ask if these individuals are not trying to abandon ship before the collapse of the world financial system finally takes place.
Or it could be something entirely different. At this point, we simply do not know. Regardless, something big is obviously happening in the financial world and the forces behind it are acting on information that the general public is unaware of.
The revised list of resignations will be included at the end of this article along with the links to the announcements.
With all of this in mind, and, if the research provided by American Kabuki is correct, then the only question really left for us to ask is “Why?”
Why are so many bankers, CEOs, fund managers, and investors resigning all at once? Why now?
One might be tempted to ask whether or not there is a coming investigation that these individuals are trying to avoid but, given the track record of the regulatory system, this is not our most likely option. Considering the current state of the economy, it might seem more logical to ask if these individuals are not trying to abandon ship before the collapse of the world financial system finally takes place.
Or it could be something entirely different. At this point, we simply do not know. Regardless, something big is obviously happening in the financial world and the forces behind it are acting on information that the general public is unaware of.
List of resignations as compiled by American Kabuki:
- 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
http://goo.gl/NdW7q - 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.
http://goo.gl/vuhvd - 9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
http://goo.gl/t83S4 - 9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
http://goo.gl/mCTgi - 9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
http://goo.gl/UjUZY - 9/14/11 (NEW ZELAND) 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 shareholders.
http://goo.gl/LjSI0 - 9/15/11 (USA NY) Morgan Stanley, Chairman John Mack resigns
http://goo.gl/jWWv7 - 9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
http://goo.gl/8yU5N - 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.
http://goo.gl/Dx8qs - 9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
http://goo.gl/Qx0Va - 9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
http://goo.gl/WCeqB - 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
http://goo.gl/7dNiD - 9/29/11 (JAPAN) BLIFE Investment Corporation, Asset Manager Director Masaomi Yamadaira resigned.
http://goo.gl/Vsmk3 - 9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimer resigned.
http://goo.gl/o63jO - 9/29/11 (USA NM) New Mexico Pension Fund Director Terry Slattery Resigns
http://goo.gl/BzLn4 - 9/30/11 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Ms Tang Buck Kiau resigned.
http://goo.gl/VGxjv - 10/01/11 (USA MO) Federal Reserve Bank of Kansas City President Thomas M. Hoenig retired on Oct. 1, 2011
http://goo.gl/B8WK7 - 10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
http://goo.gl/yh2bF - 10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
http://goo.gl/Vc252 - 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.
http://goo.gl/udpBA - 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.
http://goo.gl/OuUjr - 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.
http://goo.gl/OuUjr - 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.
http://goo.gl/vyldE - 10/11/11 (UK) BlackRock, head of sterling portfolios and manager of the Corporate Bond fund, Paul Shuttleworth, has resigned after 11 years at the firm.
http://goo.gl/FMBjw - 10/11/11 (UK) Dynamic Funds, portfolio manager David Taylor has resigned.
http://goo.gl/GZCt5 - 10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
http://goo.gl/ip8Un - 10/13/11 (UK) Cogent Partners co-head research department Katita Palamar resigned.
http://goo.gl/TVLWO - 10/13/11 (UK) Cogent Partners co-head research department Bill Farrell resigned.
http://goo.gl/TVLWO - 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.
http://goo.gl/R0PgH - 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.
http://goo.gl/vzTbY - 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]
http://goo.gl/lEpz2 - 10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
http://goo.gl/l90be - 10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
http://goo.gl/CXL7Z - 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.
http://goo.gl/CXL7Z - 10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
http://goo.gl/i1s3E - 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
http://goo.gl/fdd9v - 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
http://goo.gl/yWX9R - 10/31/11 (EUROPEAN COMMUNITY) European Central Bank President Jean-Claude Trichet, resigns.
http://goo.gl/ygG59 - 11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
http://goo.gl/HD8BQ - 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)
http://goo.gl/3L9gE - 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.
http://goo.gl/oKUVZ - 11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
http://goo.gl/tUaVY - 11/07/11 (SINGAPORE) Singapore Mercantile Exchange (SMX), CEO Framroze Pochara quits.
http://goo.gl/eum87 - 11/08/11 (SINGAPORE) The Singapore Fund, Inc, Austin C. Dowling has resigned as Director of the Fund
http://goo.gl/bCUhI - 11/09/11 (USA NY) HSBC Israeli desk, managing director Issac Doueck resigned.
http://goo.gl/zuCJE - 11/09/11 (ISRAEL) HSBC Israeli desk, senior representative Simon Hakim resigned.
http://goo.gl/zuCJE - 11/09/11 (SWITZERLAND) HSBC Israeli desk, head of Israel Dan Sagi resigned.
http://goo.gl/zuCJE - 11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE - 11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE - 11/10/11 (EUROPEAN COMMUNITY) European Central Bank Lorenzo Bini Smaghi resigned from the European Central Bank’s Executive Board.
http://goo.gl/Invjc - 11/11/11 (HONG KONG) Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
http://goo.gl/pejs3 - 11/10/11 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
http://goo.gl/3aTh2 - 11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing, Alex Denner, has resigned.
http://goo.gl/X1A4i - 11/16/11 (EUROPEAN COMMUNITY) International Monetary Fund Europe, director Antonio Borges resigns for personal reasons.
http://goo.gl/55CqZ - 11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
http://goo.gl/Xqxsr - 11/18/11 (SCOTLAND) 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.
http://goo.gl/MLsp8 - 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://goo.gl/OiDiq - 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
http://goo.gl/oytcD - 11/24/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Simon Vanstone resigns.
http://goo.gl/x5Fl6 - 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.
http://goo.gl/mUvLF - 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
http://goo.gl/XncOc - 11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
http://goo.gl/utIfy - 11/29/11 (FRANCE) 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.
http://goo.gl/iGjB6 - 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.
http://goo.gl/EiqUC - 12/01/11 (SRI LANKA) Sri Lanka's Securities and Exchange Commission (SEC) head Indrani Sugathadasa resigned.
http://goo.gl/6qzny - 12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
http://goo.gl/ojDcu - 12/03/11 (USA SC) 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.
http://goo.gl/ypK2G - 12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
http://goo.gl/peFGD - 12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO Philip Butterfield retires
http://goo.gl/peFGD - 12/06/11 (USA ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
http://goo.gl/ozuwB - 12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
http://goo.gl/a7Rhw - 12/08/11 (INDIA) Nomura's co-head of equity-linked solutions Neeraj Hora, resigns
http://goo.gl/WYcjR - 12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the "Fund"), Portfolio Manager Paul David Austin Clark resigned
http://goo.gl/YiagF - 12/14/11 (USA NY) Goldman Sachs global head Milton R. Berlinski retiring at the end of the year
http://goo.gl/Xj0l4 - 12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
http://goo.gl/ANN5B - 12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
http://goo.gl/8rAKb - 12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
http://goo.gl/ScT47 - 12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
http://goo.gl/06c2b - 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.
http://goo.gl/06c2b - 12/20/11 (UK) Prudential (UK) Chairman Harvey McGrath has informed the Board of his intention to retire from the Board in 2012 once a successor has been found.
http://goo.gl/IPOzf - 12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
http://goo.gl/bbdeT - 12/21/11 (USA MN) 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 defaming him.
http://goo.gl/3Q1Vg - 12/23/11 (USA VA) Virginia National Bank (VNB) Chairman Mark Giles quits
http://goo.gl/dFDpH - 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Claire Gargalli quits
http://goo.gl/kowkW - 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Leslie Disharoon quits
http://goo.gl/kstLp - 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Neal Kassell quits
http://goo.gl/NrrPZ - 12/23/11 (USA) Third Avenue Value Fund, co-manager Marty Whitman is leaving.
http://goo.gl/iMe99 - 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
http://goo.gl/b6AoA - 1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years
http://goo.gl/xwlFt - 1/03/12 (GREECE) Marfin Popular Bank Public Co Ltd, Mr Eleftherios Hiliadakis has resigned from the Board of Directors.
http://goo.gl/MuFa0 - 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
http://goo.gl/joExI - 1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
http://goo.gl/DP1uK - 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
http://goo.gl/SKE7j - 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
http://goo.gl/bzZtQ - 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
http://goo.gl/zvo1L - 1/05/12 (USA NY) Blackstone/GSO Senior Floating Rate Term Fund and Blackstone/GSO Long-Short Credit Income Fund announced that John R. O’Neill has resigned.
http://goo.gl/ZiWGL - 1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB announced retirement of CEO Nofal Barbar from its London office.
http://goo.gl/yF0Mm - 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
http://goo.gl/5qsUu - 1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
http://goo.gl/34F0B - 1/09/12 (USA NY) Morgan Stanley Chief Legal Officer Frank Barron retires.
http://goo.gl/XYCwJ - 1/09/12 (SWITZERLAND) Temenos Group AG, provider of core banking software announced the resignation of Mark Austen as a member of the Board of Directors.
http://goo.gl/l6QzM - 1/10/12 (USA IN) Security Bank of Springfield, president and CEO Steve Cour has announced plans to retire at the end of June.
http://goo.gl/jFbYA - 1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
http://goo.gl/yAHgr - 1/11/12 (SWITZERLAND) 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.
http://goo.gl/vWr3i - 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
http://goo.gl/i2TVk - 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
http://goo.gl/i2TVk - 1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
http://goo.gl/GN3h3 - 1/13/12 (USA DC) World Bank, Vice President for Africa, Oby Ezekwesili will retire from her position at the World Bank in May.
http://goo.gl/fiUsU - 1/17/12 (CANADA) Cumberland Private Wealth Management CIO John Wilson quit to join another money manager.
http://goo.gl/3JuNJ - 1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David Conner retires.
http://goo.gl/83Z1i - 1/17/12 (UK) 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.
http://goo.gl/e7vS7 - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Ali Yousef Al Awwadhy resigned.
http://goo.gl/0PoIM - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Miss Anoud Fadhel Al Hathran resigned.
http://goo.gl/0PoIM - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Tarek Farid Al Othman resigned.
http://goo.gl/0PoIM - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Salem Ali Hassan Al Ali resigned.
http://goo.gl/0PoIM - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Majed Ali Oweid Awadh resigned.
http://goo.gl/0PoIM - 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Badr Suliman Al Ahmed resigned.
http://goo.gl/0PoIM - 1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business David Heller resigns.
http://goo.gl/TMHvx - 1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business Edward Eisler resigns.
http://goo.gl/TMHvx - 1/18/12 (USA) Goldman Sachs co-head of its investment management division Ed Forst resigns.
http://goo.gl/TMHvx - 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.
http://goo.gl/XMRvP - 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of directors.
http://goo.gl/5Eze1 - 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
http://goo.gl/5Eze1 - 1/20/12 (USA NY) JPMorgan Chase, Mortgage Banking Default organization head Scott Powell has decided to leave the bank.
http://goo.gl/TCYpT - 1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits
http://goo.gl/6FuWe - 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
http://goo.gl/f6qLs - 1/20/12 (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.
http://goo.gl/ZADvn - 1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
http://goo.gl/sdY1p - 1/21/12 (SINGAPORE) ANZ Asia's private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
http://goo.gl/hlHvG - 1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
http://goo.gl/rcfJ3 - 1/22/12 (KENYA) National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii, will resign before year end.
http://goo.gl/c2n7r - 1/24/12 (IRELAND) Deutsche International Corporate Services Limited fund, Paul Shevlin resigned as a director
http://goo.gl/OjZFF - 1/24/12 (SWITZERLAND) 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.
http://goo.gl/bqXs8 - 1/25/12 (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.
http://goo.gl/kDfVv - 1/25/12 (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 - 1/27/12 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Mr Graham Sugden resigned.
http://goo.gl/VZYHY - 1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
http://goo.gl/cVWnA - 1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an "exciting position" outside banking
http://goo.gl/cVWnA - 1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
http://goo.gl/cVWnA - 1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
http://goo.gl/Glvdn - 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
http://goo.gl/BwUgv - 1/29/12 (UAE) NBD, Emirates 's investment banking division CEO Suresh Kumar is leaving the bank
http://goo.gl/S1x0F - 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
http://goo.gl/4SDW8 - 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
http://goo.gl/CoLVS - 2/01/12 (SYRIA) Arab Bank Syria Board member Basma Talal Zein resigns.
http://goo.gl/WXxzw - 2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
http://goo.gl/IP8nH - 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
http://goo.gl/OqRVo - 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
http://goo.gl/vjO5M - 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://goo.gl/bb5sh - 2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
http://goo.gl/K66eb - 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.
- 2/02/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Nathalie Savey resigned.
http://goo.gl/cXB8u - 2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
http://goo.gl/r955T - 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.
http://goo.gl/ClTaq - 2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit
http://goo.gl/pG2jF - 2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
http://goo.gl/bRv9K - 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://goo.gl/OhCEb - 2/06/12 (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 Kansas City.
http://goo.gl/kgS7M - 2/07/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires
http://goo.gl/i7AUY - 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
http://goo.gl/fP03J - 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
http://goo.gl/PiQSy - 2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
http://goo.gl/K1pfn - 2/08/12 (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.
http://goo.gl/tgamf - 2/08/12 (UAE) Emirates NBD makes top-level changes Bank's deputy chief executive officer Abdul Wahed Al Fahim has resigned.
http://goo.gl/JUdNd - 2/09/12 (VATICAN) 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.
http://goo.gl/uztVU - 2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 49 year old Father Don Salvatore Palumbo of the socially popular parish of San Gaetano
http://goo.gl/uztVU - 2/09/12 (VATICAN) 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
http://goo.gl/uztVU - 2/09/12 (VATICAN) 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".
http://goo.gl/uztVU - 2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
http://goo.gl/8BuXy - 2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
http://goo.gl/CPO23 - 2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
http://goo.gl/ohHG3 - 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
http://goo.gl/DBKdc - 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
http://goo.gl/wMl5g - 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
http://goo.gl/GFvIy - 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.
http://goo.gl/vgnq2 - 2/13/12 (HONDURAS) 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.
http://goo.gl/drgHY - 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
http://goo.gl/iQ0n8 - 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
http://goo.gl/uHp6C - 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
http://goo.gl/scexo - 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.
http://goo.gl/7h4O7 - 2/15/12 (SOUTH AFRICA) HPA - Hospitality Property Fund Limited, chairman Frank Berkeley resigned.
http://goo.gl/wJmpR - 2/15/12 (USA) Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto resigned
http://goo.gl/AW7X7 - 2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://goo.gl/dHDSm
Did the White House tell the World Bank president that he's out?
http://goo.gl/wUOgb - 2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
http://goo.gl/MQeGW - 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
http://goo.gl/SNsVI - 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
http://goo.gl/TyYiJ - 2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
http://goo.gl/LLNnD - 2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
http://goo.gl/LLNnD - 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
http://goo.gl/yT6rS - 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
http://goo.gl/c7PtU - 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
http://goo.gl/CtmOU - 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
http://goo.gl/I7Alo - 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://goo.gl/WczHh - 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://goo.gl/I7Alo - 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://goo.gl/I7Alo - 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
http://goo.gl/4r16D - 2/17/12 (SOUTH AFRICA) Coronation Fund Managers CEO Hugo Nelson is stepping down at age of 40.
http://goo.gl/I3NY8 - 2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
http://goo.gl/K8A2I - 2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
http://goo.gl/UjpzD - 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
http://goo.gl/1n1Nr - 2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
http://goo.gl/uDplK - 2/17/12 (USA NY) Harbinger Group Inc. CFO Francis T. McCarron has advised the Company of his resignation effective April 30
http://goo.gl/6il4F - 2/17/12 (BULGARIA) 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.
http://goo.gl/7UQxv - 2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
http://goo.gl/G0woP - 2/19/12 (MALTA) 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.
http://goo.gl/1li3r - 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
http://goo.gl/Unuez - 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://goo.gl/F5twL - 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
http://goo.gl/aA0RW - 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
http://goo.gl/6Dj0i - 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
http://goo.gl/DuMrm - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
http://goo.gl/aEmwB - 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://goo.gl/Z1rnw - 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
http://goo.gl/ppKno - 2/22/12 (SINGAPORE) Macquarie International Infrastructure Fund's CEO John Stuart to resign
http://goo.gl/ji7Q4 - 2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
http://goo.gl/x4Zsr - 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.
http://goo.gl/Dnxqh - 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.
http://goo.gl/qmCh3 - 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://goo.gl/DTL5S - 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
http://goo.gl/KoEUI - 2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirby resigns for business reasons.
http://goo.gl/9stPB - 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
http://goo.gl/5eUqU - 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
http://goo.gl/JIC9A - 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
http://goo.gl/6UJau - 2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
http://goo.gl/n5RLY - 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
http://goo.gl/nMTLW - 2/25/12 (DENMARK) European Investment Bank (EIB), Mr Sigmund Lubanski, of the Kingdom of Denmark tendered his resignation.
http://goo.gl/y4XXF - 2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down
http://goo.gl/8lxSw - 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
http://goo.gl/yKjzL - 2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
http://goo.gl/hhHSm - 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
http://goo.gl/IJ5Lw - 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://goo.gl/eVCS5 - 2/27/12 (GERMANY) Equiduct chairman Artur Fischer steps down
http://goo.gl/Q0dWR - 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!
http://goo.gl/DDEUk - 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
http://goo.gl/ZD0mc - 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
http://goo.gl/dsXcE - 2/27/12 (SINGAPORE) Standard Chartered Bank, global head of repo and collateralised financing Tanweer Khan resigned.
http://goo.gl/hgbuc - 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
http://goo.gl/Uo800 - 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
http://goo.gl/26MYq - 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
http://goo.gl/NDJze - 2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits
http://goo.gl/cRkCP - 2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.
http://goo.gl/1rCWd - 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
http://goo.gl/HIYXv - 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://goo.gl/ggPvq - 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
http://goo.gl/YxvNA - 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
http://goo.gl/F0UgN - 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
http://goo.gl/7aLRU - 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
http://goo.gl/LkJhV - 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns
http://goo.gl/n6uoM - 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
http://goo.gl/Jh9jd - 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
http://goo.gl/014or - 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.
http:// goo.gl/L7I35 - 3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
http://goo.gl/wACrI - 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.
http://goo.gl/3llyT - 3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
http://goo.gl/nA8g9 - 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
http://goo.gl/SI7kT - 3/01/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
http://goo.gl/BGugF - 3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
http://goo.gl/uEqDV - 3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
http://goo.gl/VG9q5 - 3/01/12 (USA OR) Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad Child will retire
http://goo.gl/vcERz - 3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
http://goo.gl/B9dR0 - 3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
http://goo.gl/8kZuc - 3/02/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
http://goo.gl/ZEUwf - 3/02/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
http://goo.gl/npBe2 - 3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
http://goo.gl/wFSV8 - 3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
http://goo.gl/BhZ0F - 3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
http://goo.gl/w99tD - 3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
http://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⑈
http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP - 3/04/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
http://goo.gl/fmNxY - 3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
http://goo.gl/gubPj - 3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
http://goo.gl/pNx0l - 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
http://goo.gl/RPqOp - 3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
http://goo.gl/RPqOp - 3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
http://goo.gl/gX7wu - 3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
http://goo.gl/u6BT4 - 3/05/12 (UK) Charterhouse partner Gordon Bonnyman is stepping down.
http://goo.gl/iAEYB - 3/05/12 (UK) HgCapital, partner Lindsay Dibden is leaving after 20 years.
http://goo.gl/iAEYB - 3/06/12 (FRANCE) Blackstone Group's Paris office leader Jean-Michel Steg will step down
http://goo.gl/w3Ca5 - 3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
http://goo.gl/oMwv6 - 3/06/12 (JAMAICA) 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.
http://goo.gl/FBwFo - 3/06/12 USA CT) Wells Fargo & Co. said that Mackey McDonald, one of the last remaining directors from Wachovia is retiring.
http://goo.gl/F1O4v - 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.
http://goo.gl/8oi7C - 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.
http://goo.gl/qc3jB - 3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
http://goo.gl/ZIkvQ - 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to resign
http://goo.gl/MWqsH - 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
http://goo.gl/MWqsH - 3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
http://goo.gl/rfhWN - 3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
http://goo.gl/RHllr - 3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
http://goo.gl/CpEzZ - 3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
http://goo.gl/3yQDS - 3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
http://goo.gl/3yQDS - 3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
http://goo.gl/3yQDS - 3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
http://goo.gl/3yQDS - 3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
http://goo.gl/jqbYY - 3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
http://goo.gl/v8tcT - 3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
http://goo.gl/09VqT - 3/07/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
http://goo.gl/UtVz3 - 3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
http://goo.gl/XhgJ9 - 3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
http://goo.gl/eZJMb - 3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
http://goo.gl/ub0ke - 3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
http://goo.gl/Zv6Ny - 3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
http://goo.gl/ZTtYo - 3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
http://goo.gl/x5snO - 3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
http://goo.gl/8KVKn - 3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
http://goo.gl/RiVNi - 3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
http://goo.gl/AV7Sk - 3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
http://goo.gl/MyQ90 - 3/08/12 (ISRAEL) 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.
http://goo.gl/0DlSA - 3/08/12 (SOUTH AFRICA) Standard Bank Group Limited (SBK), board member Sir Paul Judge retires.
http://goo.gl/SjSPg - 3/08/12 (SOUTH AFRICA) Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah retires.
http://goo.gl/SjSPg - 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.
http://goo.gl/RDmNx - 3/09/12 (MONGOLIA) Asia 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.
http://goo.gl/2T4R6 - 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.
http://goo.gl/CevLn - 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.
http://goo.gl/3gzbi - 3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
http://goo.gl/5Ti2p - 3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
http://goo.gl/5Ti2p - 3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
http://goo.gl/sE7xh - 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
http://goo.gl/sE7xh - 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
http://goo.gl/sE7xh - 3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
http://goo.gl/ieNea - 3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
http://goo.gl/9uKVx - 3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
http://goo.gl/G6MD - 3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
http://goo.gl/vAMzV - 3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
http://goo.gl/55CqZ - 3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
http://goo.gl/6CYGP - 3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
http://goo.gl/hevqh - 3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
http://goo.gl/zquTc - 3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
http://goo.gl/LDz9b - 3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
http://goo.gl/4DF6i - 3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
http://goo.gl/SUHqW - 3/12/12 (UK) 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.
http://goo.gl/z19wH - 3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
http://goo.gl/yX4xo - 3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
http://goo.gl/1K9zV - 3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
http://goo.gl/lvzgC - 3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
http://goo.gl/oxmbL - 3/12/12 (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.
http://goo.gl/gj4W6 - 3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
http://goo.gl/UjO2e - 3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests." http://goo.gl/iaqQf
- 3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
http://goo.gl/iaqQf - 3/13/12 (AUSTRALIA) 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.
http://goo.gl/FntUz - 3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
http://goo.gl/zkrN2 - 3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
http://goo.gl/dzBW8 - 3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
http://goo.gl/t032l - 3/13/12 (USA) Paulson & Co.'s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
http://goo.gl/I8UNd - 3/13/12 (AUSTRALIA) 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.
http://goo.gl/gJN33 - 3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
http://goo.gl/MV65V - 3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
http://goo.gl/hTDDY - 3/13/12 (UK) SVG Director Edgar Koning retires.
http://goo.gl/hTDDY - 3/13/12 (UK) SVG Director Denis Raeburn retires.
http://goo.gl/hTDDY - 3/13/12 (UK) SVG Director Francis Finlay retires.
http://goo.gl/hTDDY - 3/14/12 (UK) Goldmand 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.
http://americankabuki.blogspot.com/2012/03/why-i-am- leaving-goldman-sachs.html - 3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
http://goo.gl/Mhjb5
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