By Saeed Azhar
NEW YORK (Reuters) – Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve of Dallas, as its vice chairman, bringing an influential banker on to its management committee.
Kaplan will give strategic advice to the Wall Street firm’s clients globally, working closely with its teams across global banking and markets, and asset and wealth management, the bank said in a statement.
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,” CEO David Solomon said in a statement.
Goldman Sachs last year brought back to its fold senior banking executive Tom Montag, adding him to its board as the Wall Street giant looked to regain lost ground after its ill-fated foray into consumer banking.
The bank in recent months has also seen high-profile departures including Stephanie Cohen, who had headed its consumer and fintech unit, Jim Esposito, co-head of global banking and markets and Julian Salisbury, an asset management executive in July last year.
Kaplan said in a statement he looked forward to working with the “extraordinary array of talented people” across the firm to serve its clients and help enhance, and sustain its unique culture.
Kaplan initially joined Goldman Sachs in 1983 and became a partner in 1990. He retired from the firm in 2006 to join Harvard Business School and later served as president and CEO of the Federal Reserve Bank of Dallas from 2015 to 2021.
(Reporting by Saeed Azhar; Editing by Jamie Freed)