Richmond Fed chooses Thomas Barkin as its new president

Author: Greg Michalowski | Category: Central Banks

Replaces Jeffry Lacker who was forced to resign back in April 

The Richmond Fed has chosen Thomas Barkin as its new president.  According to the report it is unsure whether he was formally approved by the Board of Governors, but it seems he will be approved (if not already).  Barkin takes over from Jeffrey Lacker who was forced to resign back in April after leaking information to a Wall Street newsletter.  

Barkins is a chief risk officer at consulting firm McKinsey (worked there for the last 30 years). He is 56 years old.  

According to the McKinsey website, his primary focus currently is "helping financial institutions and travel and transportation companies".   He served as chief financial officer from 2009 to 2015.  

He looks like a handsome and confident guy.