The regional branch of the Federal Reserve in Dallas has a new president in the person of Robert Steven Kaplan, a professor at Harvard, said Monday the Federal Reserve Bank of Dallas in a statement.
Advertisement
The Dallas Fed president rotates into a voting spot on the Fed’s policy-setting panel in 2017, and takes part in policy discussions at the central bank’s regular meetings. He succeeds Richard Fisher, who ran the Dallas Fed for 10 years until his retirement in March.
Kaplan is a professor of management practice and a senior associate dean at Harvard Business School. He was Vice Chairman of Goldman Sachs, responsible for the investment management division.
Kaplan is involved with several charitable organizations, including serving as co-chairman of the Draper Richards Kaplan Foundation, a venture firm that invests in developing nonprofits across the globe, and as founder and co-chairman of the TEAK Fellowship, which helps low-income New York City students gain admission to college.
The search committee “considered a broad pool of excellent candidates”, Dallas Fed board chairman Renu Khator said in the press release.
Kaplan is a Harvard Business School graduate with a master’s degree in business administration.
The Dallas Fed Board said it had cast a wide net to find someone who “appreciates the impact decisions made by the Federal Reserve have on people from all walks of life”.
Advertisement
As a local bank president, Kaplan is not just planned to effectively rotation inside balloting plug throughout the Fed’s financial insurance policy agency up to the point 2017.
