Dennis Lockhart | |
---|---|
14th President of the Federal Reserve Bank of Atlanta | |
In office March 1, 2007 –February 28, 2017 | |
Preceded by | Jack Guynn |
Succeeded by | Raphael Bostic |
Personal details | |
Born | Bakersfield,California,U.S. | February 1,1947
Education | Stanford University (BA) Johns Hopkins University (MA) |
Dennis P. Lockhart (born February 1,1947) is an American economist. He was the 14th President and CEO of the Federal Reserve Bank of Atlanta,serving from March 1,2007, [1] through February 28,2017. [2]
Lockhart earned a B.A. in political science and economics from Stanford University in 1968 and an M.A. in international economics and U.S. foreign policy from Johns Hopkins University's School of Advanced International Studies in 1971. He served as a lieutenant in the U.S. Marine Corps Reserve from 1968 to 1974. [1]
Lockhart held various positions,both domestic and international,with Citicorp/Citibank (now Citigroup) between 1971 and 1988. Early in his career with Citibank,he served in Saudi Arabia,Greece and Iran. From 1978 to 1986,he served in Atlanta as senior corporate officer of the Southeast office of Citibank.
From 1987 to 1988,he was head of the firm's Latin American debt-to-equity swap investment program,designed to restructure sovereign debt. [1] He worked for thirteen years (1988-2001) at Heller Financial, [3] [4] where he served as executive vice president and director of the parent company[ citation needed ] and as president of Heller International Group [3] until Heller was purchased by General Electric in 2001. [5]
From 2001 to 2003,he was managing partner at the private equity firm Zephyr Management,L.P.,based in New York with activity in Africa and Latin America. [1] From 2002 to 2007,he served as chairman of the Small Enterprise Assistance Funds,a sponsor/operator of emerging markets venture capital/private equity funds. In 2000,he served as chairman of the advisory committee of the U.S. Export-Import Bank. [3]
Lockhart serves on the board of directors and executive committee of the Metro Atlanta Chamber of Commerce,on the board of directors of St. Joseph's Health System,and is a trustee of Agnes Scott College and the Atlanta International School. He also chairs the World Affairs Council of Atlanta and the Midtown Alliance. [3]
From 2003 to 2007,Lockhart served on the faculty of the Master of Science in Foreign Service Program at Georgetown University's Walsh School of Foreign Service. In this role,Lockhart was chairman of the program's concentrations in international business-government relations and global commerce and finance,while teaching courses in international investment,global business strategy,and other subjects. [1] He also was an adjunct professor at Johns Hopkins University's School of Advanced International Studies. [3]
The Walter A. Haas School of Business is the business school of the University of California,Berkeley,a public research university in Berkeley,California. It was the first business school at a public university in the United States.
Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman,Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s,with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.
Joseph "Joe" Wright is an American businessman. From 1988 to 1989,he worked in the United States government as the Director of the Office of Management and Budget for president Ronald Reagan.
The Paul H. Nitze School of Advanced International Studies (SAIS) is a graduate school of Johns Hopkins University based in Washington,D.C. with campuses in Bologna,Italy and Nanjing,China.
Stanley Fischer is an Israeli-American economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017. Fischer previously served as the 8th governor of the Bank of Israel from 2005 to 2013. Born in Northern Rhodesia,he holds dual citizenship in Israel and the United States. He previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank. On January 10,2014,President Barack Obama nominated Fischer to the position of Vice Chair of the Federal Reserve. He is a senior advisor at BlackRock. On September 6,2017,Stanley Fischer announced that he was resigning as Vice-Chair for personal reasons effective October 13,2017,two days before his 74th birthday.
Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve,he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman,Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis,for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chairman,Bernanke was a tenured professor at Princeton University and chaired the Department of Economics there from 1996 to September 2002,when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic Sciences,jointly with Douglas Diamond and Philip H. Dybvig,"for research on banks and financial crises",more specifically for his analysis of the Great Depression.
William Reginald "Bill" Rhodes is an American banker and philanthropist. Rhodes is president and CEO of William R. Rhodes Global Advisors,LLC which he founded in 2010. Having stepped back from full-time responsibilities with Citi after more than 53 years with the institution. He most recently served as senior advisor,senior vice chairman and senior international officer of Citigroup and chairman,president &CEO of Citibank,N.A. He held various senior executive positions at Citi from 1957 until his retirement from Citigroup on April 30,2010. Subsequent to his retirement,he continued to serve as a senior advisor to Citi from 2010 through 2017.
The Peterson Institute for International Economics (PIIE),known until 2006 as the Institute for International Economics (IIE),is an American think tank based in Washington,D.C. It was founded by C. Fred Bergsten in 1981 and has been led by Adam S. Posen since 2013. PIIE conducts research,provides policy recommendations,and publishes books and articles on a wide range of topics related to the US economy and international economics.
William Joseph McDonough was a former vice chairman and special advisor to the chairman at Merrill Lynch &Co. Inc.,responsible for assisting senior management in the company's business development efforts with governments and financial institutions. He retired in 2009.
Chen Yuan is a Chinese economist who is the current chairman of the China Association for International Friendly Contact (CAIFC). He was previously the chairman of the China Development Bank from March 1998 to April 2013. Chen Yuan then served as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference from 2013 to 2018. He is the eldest son of former Vice Premier Chen Yun.
William Poole was the eleventh chief executive of the Federal Reserve Bank of St. Louis. He took office on March 23,1998,and began serving his full term on March 1,2001. In 2007,he served as a voting member of the Federal Open Market Committee,bringing his District's perspective to policy discussions in Washington. Poole stepped down from the Fed on March 31,2008.
Randal Keith Quarles is an American private equity investor and attorney who served as the first Vice Chair of the Federal Reserve for supervision from 2017 to 2021. He concurrently served as the chair of the Financial Stability Board from 2018 to 2021.
James B. Lockhart III is an American U.S. Navy officer,business executive,and,since September 2009,Vice Chairman of WL Ross &Co,which manages $9 billion of private equity investments,a hedge fund and a Mortgage Recovery Fund. It is a subsidiary of Invesco,a Fortune 500 investment management firm. He coordinates WL Ross's investments in financial services firms and mortgages. Lockhart serves co-chairs the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings.
Timothy Franz Geithner is an American former central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009,following service in the Clinton administration. Since March 2014,he has served as president and managing director of Warburg Pincus,a private equity firm headquartered in New York City.
Mario J. Blejer is an Argentine economist and a former president of the Central Bank of Argentina.
Richard Harris Clarida is an American economist who served as the 21st Vice Chair of the Federal Reserve from 2018 to 2022. Clarida resigned his post on January 14,2022,to return from public service leave to teach at Columbia University for the spring term of 2022. He is the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University and,from 2006 until September 2018,Global Strategic Advisor for PIMCO. He is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics. He is a former Assistant Secretary of the Treasury for Economic Policy and is a recipient of the Treasury Medal. He also was a proponent of the theory that inflation was transitory during the COVID-19 pandemic.
John M. (Jack) Hennessy is an American financier and philanthropist. The son of John F. Hennessy and Octavia Tanksley,he was born on May 5,1936,in Boston,Massachusetts.
Heinz Robert Heller is an economost who served as a governor of the Federal Reserve System and as president of VISA U.S.A. Inc.
Raphael W. Bostic is an American economist,academic,and public servant who has served as the 15th president and CEO of the Federal Reserve Bank of Atlanta since 2017. During his academic career,Bostic served as chair of the Department of Governance,Management,and the Policy Process at the Price School of Public Policy at the University of Southern California.
Thomas I. Barkin is an American central banker,who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1,2018. He worked at global management consulting firm McKinsey &Company for 30 years in increasingly senior positions,including as global chief financial officer (CFO) and chief risk officer,with oversight of finance,legal and information technology functions,among others. He also served on the executive committee of the Metro Atlanta Chamber of Commerce,Emory University Board of Trustees member,and former board member and chairman of the Federal Reserve Bank of Atlanta.