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Fed's revolving door spins again as Kaplan returns to Goldman Sachs
Goldman Sachs Names Former Dallas Fed Chief Kaplan as Vice Chairman
By Saeed Azhar
Reuters
Tuesday, May 7, 2024
NEW YORK -- Goldman Sachs said today it had appointed Robert Kaplan, the former president of the Federal Reserve Bank of Dallas, as its vice chairman, adding an influential former policymaker and Goldman alumni to its management committee.
Kaplan will give strategic advice to the Wall Street giant's clients globally, working closely with its teams across global banking and markets, and asset and wealth management, the bank said in a statement.
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Kaplan, who had earlier spent more than two decades at Goldman Sachs, "brings a wealth of knowledge, deep relationships, and significant global leadership expertise to his role as vice chairman," Goldman CEO David Solomon said in a statement.
Kaplan, 66, will be based in Dallas. He announced in September 2021 that he would step down as head of the Dallas Fed amid a controversy over his personal trading activity. Kaplan has said he adhered to all Fed ethical standards, compliance rules and policies. ...
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