Bank of New York Mellon Chief Resigns in a Shake-Up Along with Over Six Hundred Bankers Worldwide No Explanations

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And so far, no whistle blowers… but “ Decision to quit fuels speculation that central bank policymakers are split amid fears that Greece could default” – Germany

By SUSANNE CRAIG New York Times - Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.Pressure on the bank has been growing for months. While it has avoided the mortgage woes that have bedeviled the nation’s biggest financial institutions, it has come under scrutiny because of accusations that it and other custody banks shortchanged clients when executing currency trades for foreign transactions. In addition, Bank of New York’s performance has lagged that of its chief rival, State Street.

“I t is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don’t know their reputations except for a few rather famous ones.

This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan). “

THE Six Hundred and Eleven Bankers as of today:

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 9/08/11 (US OR) PremierWest chairman John Anhorn retires

http://goo.gl/ltkXf 9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark , who has resigned

http://goo.gl/t83S4 9/09/11 (US OR) Chief investment officer for the Oregon State Treasury Ron Schmitz resigns.

http://goo.gl/nZ88q 9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns

http://goo.gl/mCTgi 9/12/11 (US PA) First Commonwealth Financial Corp, EVP strategic resources Thaddeus J. Clements resigns

goo.gl/6ZMXF 9/13/11 (US MA) Eastern Bank wealth management head Carol McMullen resigned

http://goo.gl/DJSqC 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 9/16/11 (US FL) Atlantic Coast Bank President and Chief Operating Officer Robert Larison retires

http://goo.gl/z3EJL 9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy

http://goo.gl/8yU5N 9/19/11 (US MS) COO of Parkway Properties (REIT) William Flatt Resigns

goo.gl/Y3kr4 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 9/20/11 (JAPAN) BLife Investment Corporation (Diawa House Asset Management) Director Masaomi Yamadaira resigns

goo.gl/EYOau 9/20/11 (US HI) First Hawaiian Bank’s CEO Don Horner retires

http://goo.gl/3rB82 9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned

http://goo.gl/Qx0Va 9/23/11 (Singapore) Executive board director Rohit Bhagat has tendered his resignation to the board of BlackRock (Singapore) Limited and BlackRock Asset Management North Asia Limited.

http://goo.gl/Nksjb 9/23/11 (UK) UniCredit FX Global Head Nick Crawford Resigns

http://goo.gl/JyWfT

4/17/12 (USA NY) UBS AG, The head of investment banking for the Americas at UBS AG, Aryeh Bourkoff , has resigned “to pursue other opportunities”

http://goo.gl/A8yHH

THE LIST GOES ON…

4/18/12 (AUSTRALIA) Heritage Bank, Brian Carter , head of Australia’s largest building society, is retiring as chairman of Heritage Bank after 30 years of service.

http://goo.gl/yxf4U 4/18/12 (USA NY) UBS AG, Ehren Stenzler , the co- head of U.S. mergers and acquisitions, is leaving the bank

http://goo.gl/lT25N 4/18/12 (European Union) Luxembourg prime minister Jean-Claude Juncker , reaffirms plan to resign as head of euro zone finance ministers in midyear.

http://goo.gl/QfcCm 4/18/12 (UK) Serious Fraud Office , The Serious Fraud Office has seen the sudden departure of its CEO Phillippa Williamson only days before its director of operations is also due to leave. In an unexpected move, she left the agency this week, and a spokesman said she may not necessarily be replaced.

http://goo.gl/pHKrj 4/19/12 (UK) Royal Bank of Scotland, Ian Alderton , chief information officer at the corporate division of Royal Bank of Scotland (RBS), has left the bank this month, Computer Weekly has learned.

http://goo.gl/ZW6Pw 4/19/12 (UK) DJ Rothschild, The chief executive for Rothschild’s Middle East business, Herve Sawko , has stepped down and has been replaced with the bank’s previous head of M&A in the region, people familiar with the situation told Dow Jones Newswires Thursday. Sawko, a French national, took up the post in Dubai at the end of 2009 following three years at the bank’s New York office working on cross-border transactions. He is returning to Paris where he has spent most of his career with Rothschild.

http://goo.gl/1Y5BB 4/19/12 (UK) Instinet Europe CEO Richard Balarkas , an early pioneer of electronic trading, has decided to step down after four years at the helm of the Nomura (NMR) owned agency brokerage.

http://goo.gl/GZy07 4/19/12 (UK) Aviva Plc, Igal Mayer , CEO of Europe steps down.

http://goo.gl/y9juR 4/19/12 (UK) Aviva Plc, Richard Hoskins , CEO of North America steps down.

http://goo.gl/y9juR 4/19/12 (UK) Aviva Plc, Alain Dromer , CEO of Aviva Investors steps down.

http://goo.gl/y9juR 4/20/12 (UK) Financial Services Authority, Hector Sants , one of Britain’s top financial regulators during the banking crisis of the past five years, has decided to step down as chief executive of the Financial Services Authority, in a move that deals a blow to current arrangements to overhaul the country’s system of financial regulation.

http://goo.gl/USmYz 4/20/12 (ISRAEL) Morgan Stanley, The head of investment banking for Israel, Central and Eastern Europe and Africa at Morgan Stanley, Ronnie Golan , who prior to joining the bank was an F15 fighter jet pilot in the Israeli air force, is to leave the bank ahead of an expected move to a rival.

http://goo.gl/uWzMb 4/21/12 (ROMANIA) ING, deputy chief executive Albert Roggemans , said he was leaving for personal reasons

http://goo.gl/3lbTj 4/22/12 (INDIA) Dhanlaxmi Bank Senor VP & Head of Marketing, Sheran Mehra steps down, taking a position as Head-Marketing, Mahindra Holidays.

http://goo.gl/dVZKL

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