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August 18, 2015

Philanthropist and Former Banker Will Lead Dallas Fed

The Federal Reserve Bank of Dallas announced the appointment Monday of philanthropist and ex-Goldman Sachs executive Robert Steven Kaplan as its new president and chief executive officer, The Wall Street Journal reports. Mr. Kaplan is the co-chairman of the Draper Richards Kaplan Foundation, which assists budding social entrepreneurs and nonprofit leaders, and which he formally joined after making a $6-million donation.

Mr. Kaplan, a Harvard Business School professor, formerly served as a Goldman Sachs vice chairman, leading the Wall Street firm's investment-banking activities. He is a Ford Foundation trustee, co-chairman of Project A.L.S., and a member of the Harvard Medical School board, among other nonprofit affiliations, according to the Journal. The Dallas Fed said he will step down from corporate and philanthropic board positions when he takes office next month.

Read a Chronicle of Philanthropy article about the Draper Richards Kaplan Foundation.