Wednesday, May 2, 2012

Hmm , wonder why so many bankers , hedgies , etc are rolling out.....

http://beforeitsnews.com/story/2086/717/Bank_of_New_York_Mellon_Chief_Resigns_in_a_Shake-Up_Along_with_Over_Six_Hundred_Bankers_Worldwide_No_Explanations.html


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.
"It 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). 

and....

http://www.zerohedge.com/news/john-arnold-closing-centaurus-energy-master-fund-central-planning-slowly-kills-commodity-tradin

More troubles for the nat gas world, as flashing red headlines confirm the inexorable trend which started years ago with the departure of more and more hedge fund titans who no longer have an advantage in a world where only liquidity matters.
  • NATURAL GAS HEDGE FUND MANAGER JOHN ARNOLD TELLS INVESTORS HE IS CLOSING CENTAURUS ENERGY MASTER FUND - RTRS
and....

http://www.suntimes.com/business/12273009-420/donohue-leaves-cme-weeks-before-annual-meeting.html

Just like that—the chief executive of CME Group Inc. is gone.
Craig Donohue has left his position with the owner of the Chicago futures exchanges, according to regulatory documents the company filed Wednesday. They said Donohue, 50, retired as of Tuesday.
He leaves a company that, while highly profitable, is combating a host of challenges, from a depressed stock price and declining revenue to greater scrutiny on its role as a market regulator in the wake of the MF Global brokerage collapse.
Donohue originally planned to leave at yearend. But in a conference call with analysts last week, he said it would be sometime in May.
Donohue said then a formal hand-off to his successor could occur at the company’s annual meeting May 23. CME has named President Phupinder Gill to replace Donohue, who has been CEO of the company and its corporate predecessor, the Chicago Mercantile Exchange, since 2004. The Merc bought the Chicago Board of Trade in 2007.

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