December 04, 2017 - 10:35 AM
WASHINGTON - The Federal Reserve's Richmond regional bank is announcing that Thomas Barkin, a senior executive at global management consulting firm McKinsey & Co., will be the bank's next president.
He will succeed Jeffrey Lacker, who resigned as the bank's president in April after revealing his involvement in a leak of confidential information in 2012 that had triggered congressional and FBI investigations.
Barkin, 56, who will take over at the Richmond bank on Jan. 1, will be a voting member next year of the Federal Open Market Committee, the panel of Fed board members and regional bank presidents, who set interest-rate policies for the central bank.
Barkins' appointment was announced Monday by Margaret Lewis, who headed the bank's search committee. Barken is currently the chief risk officer at McKinsey & Co.
News from © The Associated Press, 2017