Exclusive: Fred Goodwin’s banker quits for retirement

Matthew Greenburgh, the man dubbed Fred Goodwin’s banker after advising on a string of deals for the former Royal Bank of Scotland chief executive, has today quit Bank of America Merrill Lynch

It is thought that 48-year-old Mr Greenburgh, who is believed to have earned as much as £11 million for his part in RBS’s £50 billion acquisition of Dutch bank ABN Amro, told colleagues this morning that he would be retiring.

Mr Greenburgh recently played a key role in the £21 billion Lloyds Bank rights recapitalisation process which included a £13.5 billion rights issue.

His exit leaves the bank without a head of its key financial institutions group.

Mr Greenburgh confirmed this evening that he was stepping down from the firm within the next few weeks.