Sir Fred Goodwins landowner Matthew Greenburgh quits the City

By Philip Aldrick, Banking Editor 744PM GMT twenty-six March 2010

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Despite operative on hundreds of deals in his 28-year City career, Mr Greenburgh will be majority remembered for the dual that went wrong. As well as advising Sir Fred on the ABN takeover, he was the landowner to Lloyds on the merger of HBOS.

Lloyds shares have collapsed due to HBOSs bad lending, causing the bank to write off tens of billions of pounds. Treasury sources say, though, that the understanding probably discovered the countrys largest debt lender from full nationalisation. RBS is right away 84pc owned by the taxpayer and Lloyds 41pc after 65.5bn of state bail-outs.

Mr Greenburgh, 49, shot to inflection advising Sir Fred on RBSs takeover of Natwest in 2000. The understanding hermetic both their reputations and was deliberate one of the majority appropriate of the decade. Mr Greenburgh subsequently became Sir Freds majority devoted confidant on a fibre of alternative deals culminating in the ABN difficulty in 2007.

He after became close to Eric Daniels, Lloyds arch executive. The dual memorably went on a dove-shooting outing to Argentina together last year.

At his peak, Mr Greenburgh was one of the City kingmakers rising to authority of the monetary institutions organisation at BoA Merrill Lynch and receiving home annual bonuses in additional of 10m. He polarised perspective in the City, with as most objecting to his audacity as reputable his achievements.

He reported to Andrea Orcel, the $30m-a-year landowner who heads up BoA Merrill Lynchs tellurian promissory note & markets practice. Mr Orcel and Henrietta Baldock, European head of the monetary institutions organisation at BoA Merrill Lynch, will take over Mr Greenburghs superfluous clients, that embody Lloyds, Royal & Sun Alliance and Standard Life.

Among his alternative deals was the counterclaim of the London Stock Exchange opposite mixed bids, and the flotations of Standard Life and Friends Provident.