Dallas Federal Reserve bank taps Harvard Business School professor as new president

Economic Indicators Associated Press

A professor and associate dean at the Harvard Business School has been selected as the new president of the Federal Reserve Bank of Dallas.

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The Dallas Fed, one of 12 regional Federal Reserve banks, says Robert Steven Kaplan will succeed Richard Fisher, who stepped down as president of the Dallas Fed in March.

Kaplan, 58, is currently the Martin Marshall professor of management practice and a senior associate dean at the Harvard Business School.

Kaplan will take over at the Dallas Fed on Sept. 8.

Prior to joining Harvard in 2006, Kaplan had been vice chairman of the Goldman Sachs Group with responsibility for investment banking and investment management. Kaplan is the author of a number of books on business leadership. He was born and raised in Prairie Village, Kansas.