Richmond Fed Selects Thomas Barkin as Next President

The Federal Reserve Bank of Richmond has selected Thomas Barkin, a top executive at McKinsey & Co., as its next president and chief executive, the bank said Monday.

Mr. Barkin, 56 years old, succeeds Jeffrey Lacker, who stepped down from his post in April after admitting his involvement in the unauthorized disclosure of internal Fed information to an analyst in 2012.

Mr. Barkin has worked for McKinsey for about 30 years and is based in the firm's Atlanta office, where his clients include financial institutions and travel and transportation companies. He is also a member of the board of trustees at Emory University.


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(END) Dow Jones Newswires

December 04, 2017 10:36 ET (15:36 GMT)