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Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Federal Reserve Bank of Atlanta. In this role, Lockhart is responsible for all the Bank's activities, including monetary policy, bank supervision and regulation, and payment services. He also chairs the Bank's Management Committee. In addition, he serves on the Federal Reserve's chief monetary policy body, the Federal Open Market Committee (FOMC).
From 2003 to 2007, Lockhart served on the faculty of Georgetown University's Walsh School of Foreign Service, teaching in the master's program. In this role, he chaired the program's concentrations in international business government relations and global commerce and finance, teaching courses in international investment, global business strategy and other subjects. He also was an adjunct professor at Johns Hopkins University's School of Advanced International Studies.
From 2001 to 2003, Lockhart was managing partner at the private equity firm Zephyr Management, L.P., based in New York with activity in Africa and Latin America. Prior to joining Zephyr, Lockhart worked for 13 years at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group, which, through joint ventures or wholly owned operating companies, had activities in commercial banking, finance, and merchant banking in North and South America, Europe and Asia.
Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup) between 1971 and 1988. Early in his career with Citibank, he worked in the Middle East, first in Saudi Arabia as head of infrastructure project financing and then in Greece as training director for credit and managerial staff serving the region. Finally, he served in Iran as chief operating officer of a commercial and consumer banking joint venture between Citibank and an Iranian affiliate. From 1978 to 1986, he served in Atlanta as senior corporate officer of the Southeast office of Citibank. And from 1987 to 1988, he was head of the firm's Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.
Lockhart serves on the board of directors and the executive committee of the Metro Atlanta Chamber of Commerce, on the board of directors of St. Joseph's Health System, an Atlanta-area hospital, and co-chairs the United Way of Metro Atlanta's Early Education Commission. He is also on the board of trustees of the Southern Center for International Studies and serves as a trustee for Agnes Scott College. He is also a member of the Council on Foreign Relations. Before joining the Atlanta Fed, he served as a member of the board of directors of several companies, including CapitalSource Inc., a REIT/finance company; Tri-Valley Corp., an independent oil, gas and mining exploration firm; and Greenfield Holdings Credit Ltd., a joint venture agribusiness finance subsidiary of DuPont Corp. and Bunge Corp. in Brazil. Lockhart also was chairman of the Small Enterprise Assistance Funds, a not-for-profit operator of emerging markets venture capital funds.
In 1999 and 2000 he served on the Advisory Committee of the U.S. Export-Import Bank and chaired the Committee in 2000.
Lockhart was born on Feb. 1, 1947, in Bakersfield, Calif. He earned a B.A. in political science and economics from Stanford University in 1968 and an M.A. in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He served as a lieutenant in the U.S. Marine Corps Reserve from 1968 to 1974.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which covers Alabama, Florida and Georgia, and parts of Louisiana, Mississippi and Tennessee. The Bank has branches in Birmingham, Jacksonville, Miami, Nashville and New Orleans. |
