One of our favourite people in private banking, the imperturbable John Maitland, has given up the CEO role at Kleinwort Hambros. In that time-worn phrase, he will now be seeking opportunities elsewhere.

Oh dear, it marks the third change of CEO for KH in only two years. To change one is unfortunate, to change two is careless but to then go on for three is complete absent-mindedness bordering on Alzheimer’s.

I am sure John’s talents will be valued by a future employer, perhaps by one of the potential buyers which ran the rule over KH when Societe Generale put this UK private bank up for sale, before then deciding to ...